Speakers at a discussion recently underscored the need for eco-friendly development policies to meet the challenges of climate change impacts to attain sustainable development.
"We would have to put much emphasis on climate change impacts in making development policies as our country is geographically disaster prone," South Asian Network for Economic Modeling (SANEM) Executive Director Dr Selim Raihan told the roundtable discussion.
He was presenting a keynote paper at the roundtable discussion organized by SANEM at a hotel at Banani.
The keynote paper titled "Looking Beyond LDC Graduation" was jointly prepared by Dr. Raihan and SANEM Senior Research Associates Iffat Anjum and Sunera Saba Khan.
The keynote paper said the country's graduation from LDC (Least Developed Country) status has improved the country's image in the global arena and it will facilitate Bangladesh to attract larger foreign direct investment (FDI).
But the graduation will have a few major challenges, including loss of trade preference in the markets of European Union, Canada, Australia, Japan, India and China in 2027, it said, adding subsidies and cut in tariff will no longer be available after 2027 as per WTO provisions.