Advertisement
Advertisement

Institutionalising trade negotiation capacity crucial ahead of LDC graduation: Commerce adviser

Institutionalising trade negotiation capacity crucial ahead of LDC graduation: Commerce adviser
Commerce Adviser Sk Bashir Uddin speaks as the chief guest at a dialogue organised by the Commerce Ministry with support from the UNDP on Sunday, September 7, 2025. Photo: Courtesy
Advertisement
Advertisement

A national dialogue on Sunday has highlighted the urgency of strengthening Bangladesh’s trade negotiation capacity as the country prepares to graduate from the Least Developed Countries (LDC) category in 2026, it was revealed in a press release.

The Ministry of Commerce with support from the United Nations Development Programme (UNDP), under the Transformative Economic Policy Programme (TEPP), financed by the UK Government’s Foreign, Commonwealth and Development Office (FCDO), organised the dialogue, “Reflections & Way Forward: Building National Capabilities in Trade Negotiations” on Sunday/

During the dialogue, speakers emphasised that building a skilled pool of trade negotiators is crucial for sustaining export growth, diversifying markets, and safeguarding Bangladesh’s interests in an increasingly competitive global trading system.

Speaking as the chief guest at the event, Commerce Adviser Sk Bashir Uddin called for institutionalising trade negotiation capacity.

Advertisement
Advertisement

“As Bangladesh prepares to graduate from LDC status, the Trade Negotiation School will be vital in equipping our negotiators to secure the nation’s interests in a complex global trade landscape,” said the commerce adviser.

Chief Adviser’s envoy for international affairs Lutfey Siddiqi said that trade negotiations cannot be approached casually. They demand institutional change, specialist expertise, authority, and continuity to succeed.

Related News

British High Commissioner to Bangladesh Sarah Cooke reaffirmed the UK’s partnership, adding, “The UK is proud to support Bangladesh to build a new generation of trade negotiators, and we remain firmly committed to supporting its journey toward a modern, inclusive economy.”

UNDP Bangladesh’s resident representative Stefan Liller stressed that Bangladesh’s graduation is “a call for an economic reset.”

He said that Bangladesh must craft a new generation of trade and investment strategies, negotiate favourable agreements, and defend its interests in global forums.

“Central to this effort is a skilled and strategic team of trade negotiators, and I’m delighted the Ministry of Commerce has established such a pool. UNDP, together with the UK Government is proud to support this effort so that Bangladesh not only participates in global trade talks but does so with clarity, unity, and foresight,” Stefan Liller said.

The event, chaired by Commerce Secretary Mahbubur Rahman, recognised members of the newly formed pool of trade negotiators with certificates.

He said that drawing expertise from ministries, agencies, and academia, this cadre is expected to play a pivotal role in advancing Bangladesh’s trade interests in bilateral, regional, and multilateral forums.

UNDP, through the TEPP, is supporting Bangladesh to strengthen its national trade capacities by developing a dedicated pool of trade negotiators, providing specialised capacity-building programmes and facilitating technical assistance.

The initiative is designed not only to build individual skills but also to create institutional mechanisms that ensure knowledge retention and long-term sustainability of trade negotiation capacity.

Follow TIMES on Google News

Get trusted updates and editor-picked stories in your feed.

Follow
Related News