Bangladesh has utilized limited opportunities of international networking for safeguarding its distinctive and diverse Intangible Cultural Heritage (hereafter ICH) elements as the networking activities are still limited to only in policy framing and in discussions, files and trainings of the government officials. No effective measure has been taken so far by the government to safeguard the transmission process of the disappearing ICH elements, though United Nations Educational, Scientific and Cultural Organization (hereafter UNESCO) and some other development partners voluntarily have been providing both financial and technical supports to the government of the People’s Republic of Bangladesh to formulate a national inventory of ICH and to take effective measures for safeguarding ICH elements since the beginning of the 21st century. But, so far the plans, policies and guidelines could not be translated into reality. Meanwhile, many practitioners have been giving up practicing traditional art forms, music, customs, knowledges and skills, which they inherited from the ancestors, because of poverty, lack of safeguarding measures, unplanned urbanization, disappearance of spaces, impact of foreign culture, and shirking of their jobs for ever growing popularity of satellite TV channels, gadgets and the Internet. This study, developed through primary and secondary data analyses, explores the causes those stand in the way to achieve the expected goals for safeguarding ICH in Bangladesh and also provides some possible solutions to the problems with the aim of capitalization of the maximum benefits from international networking.