NEW DELHI: Bangladesh is facing serious problems in maintaining its trade relations with the world’s major economies due to the policy mistakes of the Muhammad Yunus-headed interim government. Business disruptions and domestic economic crises have intensified these trade risks, according to an article in the Dhaka-based Daily Sun newspaper.
The fact that Bangladesh is losing its categorisation as a least developed country (LDC) has made it more vulnerable as it will no longer be eligible for trade benefits in the international market that are given to poor countries.
Observers say Bangladesh initially appeared to strengthen ties with its largest trade partner, China, after the July political shift. However, after reaching agreements on trade with the United States, China has turned cautious in its trade relations with Bangladesh, the article points out.