‘Export diversification, strengthening local industries key for smooth LDC graduation’

Published : 25 May 2023 10:13 PM

Speakers at a workshop in Khulna has called for export diversification to ensure smooth and sustainable LDC graduation of the country. 

Simultaneously, they have called for necessary policy support to tap the fullest potentials of local shrimp, jute and tourism industries.

Support to Sustainable Graduation Project (SSGP) of the Economic Relations Division (ERD) organized the workshop styled ‘’Local Level Stakeholders Consultation on Inclusive, Smooth and Sustainable LDC Graduation’’ in collaboration with the Khulna district administrationas well as the Khulna Chamber of Commerce and Industry. 

ERD Secretary Sharifa Khangraced the occasion as chief guest while Divisional Commissioner of Khulna Md. Zillur Rahman Chowdhuryattended the event as special guests. Deputy Commissioner of Khulna Khandaker Yasir Arefin chaired the workshop. 

The Government of Bangladesh is attaching highest priority to ensure smooth and sustainable graduation with momentum. It has formed a National Committee on LDC Graduation (NCG), headed by the Principal Secretary to the Prime Minister, involving all the relevant Ministries and organizations from both public and private sectors. 

Speaking on the occasion, ERD Secretary Sharifa Khan emphasized on cost minimization and productivity enhancement to prepare the local industries for increased competition after LDC graduation. 

Divisional Commissioner of KhulnaMd. Zillur Rahman Chowdhuryidentified skill enhancement as the major prerequisite for smooth and sustainable LDC graduation as well as for attaining developed country status by 2041. 

International Trade Expert of SSGP Nesar Ahmed delivered a presentation providing an overview of LDC Graduation process while Component Manager of SSGP and Joint Secretary Dr. Md. Rezaul Bashar Siddique delivered a presentation on ‘Measures undertaken for Sustainable Graduationand the Role of Local Level Stakeholders’.