Position paper

Committee : World Trade Organization

Country : People’s Republic of Bangladesh
Agenda : Dealing with Transition Economy in Asia and Europe

People’s Republic of Bangladesh is one of the fastest growing model economy in the world .
Bangladesh has a mixed economic system . Bangladesh is the world’s 2nd most supportive pro-
free market economy with 80% support . Bangladesh is steadily maintaining economic growth
. Bangladesh achived in average 6+ percent growth rates for more than one decade. In financial
year 2017-18, GDP growth stood at 7.86% which was 7.28% in previous financial
year.Bangladesh had done very well from export -oriented economic activities especially in
entry level manufacturing during the last 20 years.
WTO prepared a report for the fifth Trade Policy Review of Bangladesh, has been drawn up
by the WTO Secretariat on its own responsibility. The Secretariat has, as required by the
Agreement establishing the Trade Policy Review Mechanism (Annex 3 of the Marrakesh
Agreement Establishing the World Trade Organization), sought clarification from Bangladesh
on its trade policies and practices.

Many problems are faced in Asia and Europe for dealing with transition economy .Countries
can’t ensure sustainable trade .Some country face dumping problem and can’t protect
intellectual property and their domestic market .Some countries face high tariff and tax .
Probable solution for dealing with transition economy in Asia and Europe :
1. Reducing government intervention in a reasonable rate in accordance with own
economic system.
2. The borders have to be flexible and tariffs and tax should be lessened at a
reasonable rate so that the LDCs and developing countries can afford the cost of
the products and develop their economic system.
3. Trade wars should be solved through negotiations.
4. Intellectual property rights policy should be Moderated .
5. Domestic market should protect by government smooth monitoring .
6. Country trade agreemet can modificate by discussion on the basis of trade policy .
1. https://mof.portal.gov.bd/sites/default/files/files/mof.portal.gov.bd/page/e8bc0eaa_46
3d_4cf9_b3be_26ab70a32a47/BER-2018%20%28Engllish%29%20PDF%20file.zip
2. http://bbs.gov.bd/
3. https://www.wto.org/english/res_e/reser_e/ersd201415_e.htm
4. https://www.wto.org/english/tratop_e/tpr_e/tp132_e.htm