Made in Bangladesh products are unlikely to get duty-free and quota-free (DFQF) market access to South Korea post Bangladesh’s transition to developing nation in 2026 from the current LDC status.
Media reports claimed this underlining South Korea has informed the Bangladesh embassy in Seoul informally its reluctance to further make available the trade facility, while also adding that in case South Korea goes ahead to provide the facility only to Bangladesh post the transition, it was likely to come under pressure.
However, to overcome the possible repercussions on export, the Bangladesh embassy has, reportedly, suggested that the Government should finalise its position and devise next course of action to this effect through conducting a feasibility study with the concerned stakeholders.