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The government has decided to apply to the World Trade Organization (WTO) for the status of a net food-importing developing country (NFIDC), which, commerce ministry officials say, will allow Bangladesh to provide subsidies on agricultural and food exports even after its LDC graduation. The withdrawal of trade preferences and tariff benefits post-LDC graduation is feared to
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UNCTAD Secretary-General Rebeca Grynspan and UN High Commissioner on Human Rights Michelle Bachelet on 13 June issued an open letter urging ministers participating in the World Trade Organization’s (WTO) 12th ministerial conference (MC12) to refrain from imposing export restrictions on food amid a crisis.