New Zealand on Tuesday pledged to continue duty-free and preferential market access for Bangladeshi exports even after the country’s graduation from the least developed country (LDC) category.

The assurance came as business leaders from both countries discussed expanding bilateral trade, investment and long-term economic cooperation.

The assurance came during a courtesy meeting between Dhaka Chamber of Commerce and Industry (DCCI) President Taskeen Ahmed and New Zealand’s Non-resident High Commissioner accredited to Bangladesh, David Pine, held at the DCCI Gulshan Centre in Dhaka.

During the meeting, Taskeen Ahmed highlighted New Zealand’s global expertise in dairy production, advanced agriculture, food processing and food safety standards, saying Bangladesh could benefit significantly from New Zealand’s experience and technology.

He identified potential areas of collaboration including dairy processing, livestock feed production, modernisation of dairy farms, improved cattle breeding, fisheries, veterinary training and agricultural technology transfer.

Ahmed also urged New Zealand’s private sector to increase both joint venture and independent investments in Bangladesh, particularly in agriculture, food processing, consumer goods, food supply chain management, climate and water management, and renewable energy sectors.

Referring to the bilateral trade volume of nearly $500 million in fiscal year 2025, the DCCI president called for increased imports of Bangladeshi products such as ready-made garments, leather goods and ICT-enabled services to strengthen economic ties further.

David Pine said New Zealand places special importance on ensuring continued market access for Bangladeshi exports after the country’s LDC graduation.

He noted that both countries could explore broader trade arrangements, including the possibility of a Free Trade Agreement, to expand bilateral commerce and investment opportunities.

The envoy also stressed the importance of diversifying import markets alongside export destinations in the current global economic climate.

He described New Zealand as a reliable trading partner known for high standards, strict food safety regulations and GMO-free products, adding that Wellington is interested in building a stable long-term trade framework with Bangladesh.

DCCI Senior Vice President Razeev H. Chowdhury and Vice President Md. Salem Sulaiman were also present at the meeting.

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