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UK to apply GSP to 92% Bangladesh tariff lines for 3 yrs post 2026

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Increasing trade and investment ties between the UK and Bangladesh
Bangladesh will receive duty-free export facilities for 92 per cent of tariff line products, including readymade garments (RMG), in the UK market after graduating from the least developed country (LDC) status in 2026, according to Mohammad Abdur Rahim Khan, additional secretary (export) in the Bangladesh commerce ministry.

Khan led his country’s delegation at a recent meeting in Dhaka of the joint working group formed for the expansion of UK-Bangladesh bilateral trade and investment.


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The United Kingdom will continue offering Bangladesh different facilities under the Generalised Scheme of Preferences (GSP) for three years as a transition period after LDC graduation.

However, Dhaka proposed at the meeting that the United Kingdom continue the GSP benefits for six years following LDC graduation. The UK delegation replied that it will discuss the matter on their side, according to a report in a Bangladesh news outlet.

Bangladesh’s merchandise exports to the UK—the third largest export destination of the country—peaked at $5.3 billion in fiscal 2022-23, up from $4.8 billion in the previous fiscal, and double the figure from a decade ago when it stood at $2.7 billion, according to commerce ministry data.

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Daily Dazzling Dawn is the first and only international and non-profitable newspaper, which is 100% ownership of professional journalists from Bangladeshi origin with 20 years of experience in global journalism. The main aim of the newspaper is promoting ethical journalism with truth, accuracy and proficiency.

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Dulal Ahmed Chowdhury

Dulal Ahmed Chowdhury is the Editor of The Daily Dazzling Dawn. Previously, he has been serving in important positions in all the famous national dailies of the Bangladesh since the nineties. He has played a commendable role in journalism by participating in various events at the national and international levels. United Nations Conference, World Climate Conference, SAARC Summit are notable among them.

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