In an effort to streamline economic growth and encourage export diversification, Bangladesh has further reduced cash incentives for exporters. This policy shift is designed to push exporters towards higher value-added goods and services, fostering a more resilient and diversified economic structure. By focusing on sustainable growth and reducing dependency on traditional export incentives, Bangladesh aims to create a more robust and competitive market environment.
when an LDC becomes a developing nation, it cannot continue the cash assistance as per the agreement on subsidies and countervailing measures of the global body.
https://www.thedailystar.net/business/news/bangladesh-cuts-cash-incentive-exporters-further-3646261