Last February, the UN Committee for Development Policy (CDP) made a final recommendation to move Bangladesh off the list of Least Developed Countries (LDCs). Last Wednesday, the UN General Assembly approved that recommendation. This means that the UN has accepted the CDP’s recommendation. This year, Bangladesh and Nepal and Laos are on the list.

The CDP usually recommends a transition from LDC. If any of the countries that have been recommended to withdraw from the LDCs feel that they cannot exit the LDCs at this time due to various difficulties. There may be tsunamis, earthquakes or other problems along the way. Any country receiving the CDP’s recommendation may object to such an argument. Despite the CDP’s recommendation, the UN General Assembly did not accept it. This year Bangladesh, Nepal and Laos no country has raised such an objection. Therefore, the CDP’s recommendation was finally approved by the Plenary Session of the UN General Assembly. With this, a decision was taken on the final deadline for the three countries, including Bangladesh, to withdraw from the LDCs.

There are three types of observations for Bangladesh in the transition process from LDC. First, policymakers in this country are overwhelmed by economic and social success. Again they want duty free market facility for 12 years. It gives a mixed message. On the one hand, policy makers talk about success, on the other hand, they swear for convenience. Second, much of what has been discussed so far has been about exporting goods, including ready-made garments. Apart from this, there is some discussion about the pharmaceutical industry. But increasing productivity, strengthening the foundations of intellectual property, the quality of labor — these issues are not discussed very seriously. We talk about development, but the attitude is still like the old LDC.

The focus should be on diversifying the domestic market in agriculture, industry and services rather than the market benefits of export products to benefit the international community. Emphasis should be placed on extraction of resources from internal sources. Third, we need to consider how to effectively use the next five years in the transition process. This requires a comprehensive plan. With the transition from LDCs, we are seeing a surge in policymakers, but not enthusiasm. Policy makers should make a definite plan. The Sustainable Development Goals (SDGs), the five-year plan need to be integrated with this plan. Besides, initiatives have to be taken to implement that plan effectively.

In the transition process, we need to consider how to use the next five years effectively. This requires a comprehensive plan. With the transition from LDCs, we are seeing a surge in policymakers, but not enthusiasm.
Devapriya Bhattacharya Member, Committee for Development Policy (CDP), United Nations

According to Sapna, the sales volume of Sapna in the last July-September quarter was Rs 299 crore, which is 1 percent more than the same period of the previous year. There are more than 4,300 employees in more than 190 dream outlets across the country. Sapna provides more than 40,000 customer services a day.

Sabbir Hasan Nasir said that Sapna has received the Best Brand Award for 5 consecutive years since 2016 in the supermarket category. In addition, Sapna has been recognized as one of the top five brands in all categories in the last two years. At the brand level, Sapna is now an acceptable name for Bangladeshi customers.

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