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Bangladesh PM suggests exporters to look beyond GSP

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Sheikh Hasina

Image Courtesy: ibnlive.in

During the opening ceremony of the Dhaka International Trade Fair on Sunday, Prime Minister Sheikh Hasina has urged RMG business groups to find new spaces and diversify their product base to boost exports, instead of looking for GSP tariff.

Hasina said “I have been to a few countries… and I have seen that they do not provide GSP. Consider what products we can offer which others can’t and the speed with which they can be supplied. Eventually, other companies will be looking to you.”

Also Read Bangladesh Government launches e-service to foster textile sector

The GSP provided to Bangladesh by the US market was cancelled by the American Federation of Labour – Congress for Industrial Organization (AFL-CIO) after the 2012 Tazreen Fashions fire followed by the 2013 Rana Plaza disaster. Prior to that, Bangladesh could supply 5,000 types of duty free products to the US market under the GSP.

The PM also presented awards to the companies with the highest exports at the event.

 

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