The European Union (EU) and the Group of 77 and China have reaffirmed their support for Bangladesh’s efforts to ensure a smooth, sustainable, and irreversible graduation from the Least Developed Country (LDC) category. The assurance came during two separate meetings at the United Nations headquarters, where Bangladesh’s Commerce Minister Khandaker Abdul Muktadir met with EU Ambassador Stavros Lambrinidis and G77 Chair Ambassador Laura Dupuy Lasserre of Uruguay.

During the discussions, the commerce minister highlighted Bangladesh’s request to extend the LDC transition period by three years, citing ongoing economic and political transformation, global economic uncertainty, and energy challenges. He reiterated the government’s commitment to strengthening governance, improving the financial sector, expanding infrastructure, mobilizing domestic resources, and fostering an investment-friendly environment.

Ambassador Lambrinidis praised Bangladesh’s commitment to good governance and sustainable development, welcomed the initiation of Bangladesh-EU free trade agreement talks, and assured continued EU support. Ambassador Lasserre endorsed Bangladesh’s rationale for extending the transition period and proposed a separate G77 briefing on Bangladesh’s graduation strategy, which the delegation welcomed.