Although there are several challenges in Bangladesh’s post-LDC graduation trade and commerce, Trade Advisor Sheikh Bashiruddin is seeing the opportunities and potential as great. He called on the business community to work collectively and on the basis of consensus to utilize this potential.
He made this call at a seminar titled “Diversification of Bangladesh’s Export Basket: Challenges & Opportunity in the Post LDC Graduation” held at the FBCCI office in Motijheel, the capital, on Wednesday (March 19, 2025).
Speaking as the chief guest at the seminar, the Trade Advisor said that the business community, including sector-based associations, will have to work together to address the challenges after LDC graduation. It should be remembered that no country is our friend in business, all are competitors. We must accept this and establish consensus among ourselves. The opportunities ahead are much bigger than the challenges. If we work together, it is possible to utilize that opportunity.
The seminar was presided over by FBCCI Administrator Md. Hafizur Rahman.
In his welcome speech, he said that one of the challenges that Bangladesh will have to face after the LDC transition is product diversification. In this regard, priority-based programs should be taken by identifying which products and sectors need special attention.
The keynote address was presented by Dr. Khandaker Golam Moazzem, Research Director of the Center for Policy Dialogue (CPD). He advised businessmen to prepare for how to conduct business in the post-LDC policy framework.
Secretary of the Ministry of Commerce Mahbubur Rahman, Chairman of Bangladesh Trade and Tariff Commission Dr. Mainul Khan, Vice Chairman of Export Promotion Bureau (EPB) Md. Anwar Hossain were present as special guests at the seminar. They said that the current government is sincere in addressing the challenges after the LDC transition and resolving the problems of the private sector.
Dr. Al-Majjad, Chairman and CEO of Policy Exchange Bangladesh, were also present at the seminar. M Mashrur Riaz, Director of PRAN-RFL Group Uzma Chowdhury, Executive Director of Square Pharmaceuticals and Director of Bangladesh Pharmaceutical Industry Association Md. Mizanur Rahman, President of BPGMEA Shamim Ahmed, Member of BJMA and Owner of Creating Connection Mashreka Binte Mosharraf, Former Directors of FBCCI, General Council Members, Business Leaders.
