Issue: 3 | March 2024 - What does the evolving trade landscape imply for

Therefore, the quantitative exercises related to the implications arising from the loss of LDC preferences may be relevant if the provisions of market access do not change. [...] That is, if the proposed rules remain unchanged, the average tariff rate on apparel exports from Bangladesh to the EU will rise from the currently zero to on average close to 12%. [...] However, it has allowed graduated LDC to continue benefit from the application of the Special Procedures Involving LDCs set out in Article 24 (Due Restraint Provision) of Dispute Settlement Understanding for a period of three after the date of on which the member graduate from the LDC group. [...] Furthermore, “A Member that graduates from the LDC category shall continue to be eligible for LDC-specific technical assistance and capacity building provided under WTO's Technical Assistance and Training Plan for a period of three years after the date on which the decision of the UN General Assembly to graduate that Member from the LDC category becomes effective. [...] Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on applying a generalised scheme of tariff preferences and repealing Regulation (EU) No 978/2012 of the European Parliament and of the Council, Brussels.