The United States administration will announce its decision on GSP benefits for Bangladeshi products by the end of this month and all options are under consideration, including possible suspension, limitation, or withdrawal of the facilities. “The Administration will announce a decision on the petition by the end of June; and all options remain under consideration,
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
Bangladesh readymade garment sector should take the EU threat seriously as scrapping of GSP by the 27-nation bloc could put a severe impact on the sector,
economists and exporters told New Age on Thursday.
Centre for Policy Dialogue executive director
The United States Trade Representative has recently sent 19 queries to the Bangladesh government as a part of the hearing on continuation of Generalised System of Preferences facilities.
The government is readying the queries that included the latest development of labour leader Aminul Islam murder case, progress of the amendment to labour