LDCs to get interim duty-free and quota-free market access after graduation

Nepal, Bangladesh and Laos will formally come out of the UN-defined least-developed countries category by the end of 2026.

During the 13th Ministerial Conference of the World Trade Organisation that concluded in Abu Dhabi of the UAE last Friday, member countries agreed to provide duty-free and quota-free market access for a smooth and sustainable transition period for the countries that are set to graduate from least developed countries (LDCs) category.