Tuesday, May 28, 2024

EU DFQF benefit withdrawal to hurt economy, experts say

Bangladesh needs to consider the European Union (EU) threat to withdraw its duty-free, quota-free (DFQT) access to the EU market seriously and act promptly as the EU might take serious decisions dealing a big blow to the RMG sector in particular and the economy in general, experts said. They think Bangladesh needs to send out ... Read more

EU for politically agreed formula for fair polls

The European Union (EU) has expressed hope that the political parties in Bangladesh will soon reach a consensus about the form of government that will be in place during the election. The 27-member bloc has also urged the parties to engage in constructive dialogue to agree on a politically acceptable and constitutionally viable mechanism for ... Read more

EU issues fresh GSP threat over workplace safety

European Union trade commissioner Karel De Gucht has called for ‘immediate’ action by the Bangladesh government to improve health and safety conditions in the nation’s garment industry after a factory collapse last month killed more than 500 people, reports Bloomberg. The government of Bangladesh must ‘change something,’ De Gucht said on RTBF radio on Sunday.

EU issues GSP threat over safety in workplace

The European Union has warned that it would take trade action against Bangladesh through its generalised system of preferences that the country gets on the EU market if the country failed to ensure workers’ safety in factories. The EU issued the threat on Tuesday, following the