BD seeks generous offers from WTO members under LDC Services Waiver

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UNB, Dhaka :
Commerce Minister Tofail Ahmed has urged all the World Trade Organisation member countries to come out with generous offers and notify the preferential market access under the Least Developed Countries (LDCs) Services Waiver.
He made the call during the opening session of a two-day high level meeting on the operaltionalisation of the services waiver for the LDCs in Geneva on Thursday.
The main purpose of the meeting is to provide the opportunities to the WTO members to indicate their offer for granting preference to LDCs to operationalise the LDC Services Waiver in response to the ‘Collective Request’, which prioritised the core demand that the LDCs get commercially meaningful preferential market access of their services and services suppliers in the world market.
In his speech, Tofail Ahmed highlighted the importance of the service sectors for Bangladesh to fulfill its goal to become a middle income country by 2021.
In an open discussion, most of the delegates recognised the contribution and active engagement of Bangladesh Commerce Minister as a leader of LDCs in the previous WTO Ministerial Conferences and WTO process and appreciated his presence in the meeting, according to a message received here on Friday.
The meeting decided that preference giving countries will endeavour to submit the notification of their preferential schemes for LDCs by July 2015.
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