Bangladesh is an inspiration for LDCs: WTO DG
DHAKA, June 3,2014(BSS)- Bangladesh has become an inspiration for the Least Developed Countries (LDCs) to integrate in global economy, visiting Director General of the World Trade Organization (WTO) Roberto Azevedo said here today.
The WTO chief appreciated Bangladesh’s performance of trade and commerce saying that the country’s economy is developing quickly.
"I’ve learnt so many things from Bangladesh..the country is developing quickly," he told reporters after he paid a courtesy
call on Commerce Minister Tofail Ahmed at the latter’s Secretariat office.
Many trade related issues especially duty-free market access for LDCs including Bangladesh, Bangladesh’s position in global trade, trade negotiations in global multilateral forums got paramount importance during the meeting.
Azevedo said, "WTO negotiation is very important..Bangladesh’s trade negotiation at the international level for duty-free and quota-free (DFQF) market access is appreciated."
He said Bangladesh has played an important role in the Bali Ministerial Conference held last year.
Referring to WTO Doha Round, the WTO DG said the Doha Round negotiations have not been completed yet and hence getting duty-
free market access for LDCs goods is being delayed.
"I hope and expect that the Doha round negotiation would be finalized as quickly as possible," said the WTO chief.
When asked about the suspension of GSP for Bangladesh by the US Administration, he said this is a unilateral decision. "My opinion about this matter is not relevant."
Speaking on the occasion, Tofail Ahmed said Bangladesh is going to sign Free Trade Agreement (FTA) with many countries including Malaysia for expansion of trade.
"Bangladesh will also get duty-free market access from many countries soon," he said.
Earlier on the day at the luncheon meeting at a city hotel here, the WTO DG said, it (duty-free market access) is not easy and straight for job you (Bangladesh)..you have to wait as Doha Round negotiations are yet to be completed." "We’re working on it," he said.
"We appreciate your (WTO DG) leadership.We hope under your leadership, the Bali package would be implemented shortly," said
President of Bangladesh Garment Manufactures and Exporters Association (BGMEA) M Atiqul Islam said Bangladesh wants to see
full implementation of Bali package in the next ministerial meeting.
"We need WTO support to this end.we want to come out of the LDC club," he said