With the ongoing customs reforms in Bangladesh, possible future WTO negotiations on trade facilitation will have profound impacts on Bangladesh, as well as on other least developed and developing countries. These countries will benefit greatly from new trade facilitation initiatives. Simultaneously, these countries may face enormous challenges in implementing their commitments in the area of trade facilitation. It is, thus, imperative for these countries to closely monitor the Doha negotiations in this area and be prepared their negotiating strategies. They should also continue with customs administration reform and trade facilitation capacity building programs in order to develop their own internal capacities...