Bangladesh will enjoy GSP facilities until 2017 although it has turned into a developing nation, Commerce Minister Tofail Ahmed said at his ministry office on Sunday.
The minister revealed it while expressing his reaction on Bangladesh's graduation from the least developed countries (LDCs) to a developing one.
"We will fully graduate from the LDCs in 2024, but those countries which provide us GSP facility will continue it till 2027, and then we will get GSP plus," he added.
Tofail said free trade agreement (FTA) will be signed with those countries which do not give GSP (Generalised Scheme of Preferences) to Bangladesh, and to this end negotiation is going on with those countries.
The minister said the United Nations (UN) made the announcement of Bangladesh's graduation as developing nation in the birthday of Father of Nation Bangabandhu Sheikh Mujibur Rahman, reports BSS.
