TRIPS transition for LDCs extended by 13 years | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Saturday
July 19, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SATURDAY, JULY 19, 2025
TRIPS transition for LDCs extended by 13 years

Global Economy

TBS Report
30 June, 2021, 04:20 pm
Last modified: 30 June, 2021, 09:09 pm

Related News

  • 5 forest officials injured in attack allegedly led by BNP leader in Ctg
  • Mobile operators give 1GB free data to users observing 'Free Internet Day' today
  • CA Yunus stresses transparency in finalising July Charter
  • Yongtai Energy’s rejoinder and our reply
  • Fire at Sena Kalyan Bhaban in Motijheel under control

TRIPS transition for LDCs extended by 13 years

TBS Report
30 June, 2021, 04:20 pm
Last modified: 30 June, 2021, 09:09 pm
World Trade Organization (WTO) in Geneva Photo: Reuters
World Trade Organization (WTO) in Geneva Photo: Reuters

The transition time for Trade-Related Aspects of Intellectual Property Rights (TRIPS) of least developed countries (LDCs) has been extended by 13 years.

After long and intense negotiation among member countries of the World Trade Organisation (WTO), a proposal in this regard was adopted by the TRIPS Council on Tuesday, said a media statement. 

Bangladesh played a leading role in this negotiation on behalf of the least developed countries.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

This is the longest time extension till now. Earlier, there were such extensions for up to eight years. 

Commenting on the issue, Md Mustafizur Rahman, ambassador and permanent representative of Bangladesh in Geneva said, "The negotiations were not smooth at all because the developed nations, especially the US and the European Union, were reluctant to agree to such a long transition time."

This special transition period will remain in force till 1 July 2034.

"Bangladesh is soon going to graduate from the list of LDCs. Despite that, we were inclined to negotiate for a long-term transition period for LDCs so that they don't need to go for negotiations frequently," Mustafizur Rahman added.

Bangladesh has been playing a leading role on behalf of LDCs in various international platforms.

Currently, another proposal with regard to LDC graduation is under consideration at the WTO General Council. Bangladesh is leading the least developed countries in this negotiation too. 

Bangladesh

TRIPS Facility / WTO / Bangladesh

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Infograph: TBS
    Dollar rate falling fast – what it means for the economy
  • Jamaat set for its first-ever Suhrawardy Udyan rally at Suhrawardy Udyan on 19 July 2025. Photo: Jamaat-e-Islami/Facebook
    Thousands gather at Suhrawardy Udyan ahead of Jamaat rally
  • Gaps in the railing beneath the Gate No 2 flyover in Chattogram speak to a persistent wave of thefts carried out in broad daylight. With little intervention from authorities, the exposed infrastructure remains vulnerable and neglected. Photo: Mohammad Minhaj Uddin
    Railing theft under Ctg flyovers: Authorities indifferent

MOST VIEWED

  • Obayed Ullah Al Masud. Sketch: TBS
    Islami Bank chairman resigns
  • Chief Adviser Muhammad Yunus and SpaceX Vice President Lauren Dreyer after a meeting at state guest house Jamuna on 18 July 2025. Photo: Focus Bangla
    SpaceX VP Lauren Dreyer praises Bangladesh's efficiency in facilitating Starlink launch
  • GP profit drops 31% in H1
    GP profit drops 31% in H1
  • Around 99% of the cotton used in Bangladesh’s export and domestic garment production is imported. Photo: Collected
    NBR withdraws advance tax on imports of cotton, man-made fibres
  • Governments often rely on foreign loans. Russia’s loans covered 90% of the Rooppur Nuclear Power plant project's cost. Photo: Collected
    Loan tenure for Rooppur plant extended 
  • Representational Photo: Collected
    Railway allocates special trains for Jamaat's national rally in Dhaka

Related News

  • 5 forest officials injured in attack allegedly led by BNP leader in Ctg
  • Mobile operators give 1GB free data to users observing 'Free Internet Day' today
  • CA Yunus stresses transparency in finalising July Charter
  • Yongtai Energy’s rejoinder and our reply
  • Fire at Sena Kalyan Bhaban in Motijheel under control

Features

Jatrabari in the capital looks like a warzone as police, alongside Chhatra League men, swoop on quota reform protesters. Photo: Mehedi Hasan

19 July 2024: At least 148 killed as government attempts to quash protests violently

11h | Panorama
Illustration: TBS

Curfews, block raids, and internet blackouts: Hasina’s last ditch efforts to cling to power

16h | Panorama
The Mymensingh district administration confirmed that Zamindar Shashikant Acharya Chowdhury built the house near Shashi Lodge for his staff. Photo: Collected

The Mymensingh house might not belong to Satyajit Ray's family, but there’s little to celebrate

16h | Panorama
Illustration: TBS

20 years of war, 7.5m tonnes of bombs, 1.3m dead: How the US razed Vietnam to the ground

1d | The Big Picture

More Videos from TBS

Leaders and activists have started coming to Jamaat's rally

Leaders and activists have started coming to Jamaat's rally

1h | TBS Today
Why is the Japanese 'extremely exposed' to foreigners?

Why is the Japanese 'extremely exposed' to foreigners?

13h | Others
Now is the time for Delhi to be generous towards Washington

Now is the time for Delhi to be generous towards Washington

2h | Others
NCP’s arrival turns Munshiganj vibrant with festivity

NCP’s arrival turns Munshiganj vibrant with festivity

17h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net