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RCEP will hurt Bangladesh’s export competitiveness, investment flow: analysts

The competitors will have an edge over Bangladesh in exports and FDI flow after they joined the world’s biggest trade bloc led by China, economists and analysts fear

Nov 17, 2020
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The competitors will have an edge over Bangladesh in exports and FDI flow after they joined the world’s biggest trade bloc led by China, economists and analysts fear.

They believe the new challenges will intensify once Bangladesh graduates from the Least Developed Country bracket and becomes a developing nation after 2024.

“We will lose the duty-free access to these countries, especially Japan, China and South Korea. But our competitors Myanmar, Cambodia and Vietnam will still have the zero-duty facilities because they are members of the new bloc,” pointed out Professor Mustafizur Rahman, a distinguished fellow at the Centre for Policy Dialogue.

https://bdnews24.com/business/2020/11/17/new-trade-bloc-will-hurt-bangladeshs-export-competitiveness-investment-flow-analysts

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