New Zealand has expressed its intention to maintain duty-free and preferential market access for Bangladesh even after the country graduates from least developed country (LDC) status. The commitment was conveyed by New Zealand’s non-resident High Commissioner David Pine during a meeting with Bangladesh’s Minister of Commerce, Industry, and Textiles Khandaker Abdul Muktadir at the Secretariat on Sunday. Both sides also discussed strengthening bilateral trade and investment ties and explored the possibility of a comprehensive free trade agreement.

Minister Muktadir emphasized that accelerating investment and job creation is essential for Bangladesh’s successful transition from LDC status. He noted that the country’s export sector is heavily dependent on ready-made garments, making it crucial to sustain competitiveness and ensure preferential market access. He also highlighted Bangladesh’s efforts to improve business facilitation and invited New Zealand investors to explore promising sectors.

David Pine underscored the importance of trade diversification for both exports and imports and reaffirmed New Zealand’s focus on ensuring uninterrupted market benefits for Bangladesh post-graduation. He added that New Zealand seeks a stable, long-term trade framework with Bangladesh.