Canada has raised significant issues regarding Bangladesh’s methodology in finalizing its upcoming Import Policy Order (2025-2028) without adhering to established World Trade Organization (WTO) protocols. Documents released by the Canadian High Commission in Bangladesh underscore the lack of formal WTO notification, a crucial step that allows global trading partners a standard 60-day period for commentary.
Set to supplant the existing regulations by June 30, 2024, the proposed Import Policy Order is under development. The Canadian High Commission stresses the necessity of notifying this draft to the WTO to ensure ample review and input, deeming it essential for refining the policy’s effectiveness and alignment with international norms.
Bangladesh’s commerce ministry has conducted rigorous consultations with various stakeholders and agencies as part of the policy’s formulation. While these efforts received commendation from Canadian representatives for their inclusivity during the drafting phase, the omission of a WTO notification remains a point of contention.
Razwanur Rahman, Additional Secretary (IIT) at the commerce ministry, noted the extensive nature of these consultations, expressing surprise at the specific concerns regarding WTO notification. He affirmed the commitment to finalizing the new policy through robust discussions and compliance with established standards.
A senior official highlighted that the forthcoming Import Policy Order aims to streamline trade processes, enhancing both import and export activities. This approach is critical as import regulations significantly impact the country’s export capabilities. This strategy gains particular importance as Bangladesh prepares to transition from the Least Developed Country (LDC) category in 2026.
The official also pointed out that the policy was crafted following years of comprehensive stakeholder engagements, designed to address future challenges and elevate Bangladesh’s competitive stance in the global trade arena. Feedback from international partners such as Canada is deemed crucial, bolstering the policy framework and ensuring its global efficacy.
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