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Raise capacity for progress after LDC graduation: EU to Bangladesh

21 Feb '22

1 min read

Pic: Shutterstock

Praising the rapid development of Bangladesh, Ambassador of the European Union Delegation in Dhaka Charles Whiteley recently urged the country to build capacity for sustaining the economic progress after its transition from the least developed country (LDC) status in 2026. He said this while paying a courtesy visit to the Metropolitan Chamber of Commerce and Industry (MCCI) office.

"Increasing capacities of public and private sectors as well as civil society organisations is crucial for maintaining sustainable economic progress after the LDC graduation," he was quoted as saying by an MCCI press release.

There are some untapped areas of cooperation, where EU member countries could help Bangladesh produce skilled manpower, particularly for high-tech jobs, he said, expressing keen interest in further promoting EU investment in the country.

Highlighting the potential and challenges of LDC graduation, MCCI president Mohammad Saiful Islam expressed his concern over the probable tariff escalation of EU countries for Bangladesh and requested the envoy to continue the Everything But Arms scheme for a reasonable period to attain a sustainable graduation.

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