Trade Benefits for Least Developed Countries: the Bangladesh Case Market Access Initiatives, Limitations and Policy Recommendations

Global evidence suggests that trade-related performance is becoming increasingly important for the socio-economic development of many developing countries. The paper finds that trade preferences accorded to Bangladesh as an LDC have played a crucial role in recent accelerated development of her economy and her significant achievements in trade and social sectors. The paper highlights the concerns that emanate from the trade preferences and proposes ways to make these more effective and beneficial for the LDCs. It concludes that Bangladesh will need to build the needed supply-side capacities and undertake necessary reforms to realize the potential opportunities provided by preferential market access.