SUSPENSION OF GSP FACILITIESA<\/em>
\nCeramic, plastic, jute goods makers to take direct hit<\/strong>
\nSome export oriented industries like ceramic, plastic and jute goods would directly be affected by the US decision suspending Generalised System of Preferences facilities for Bangladesh as the sectors had been enjoying the facility when their products entered the US market.
\nPeople related to these sectors have expressed grave concern over the decision, saying that the government had to take effective measures to lift the suspension. Or else, these sectors would be severely affected, they said.
\n\u2018It was not fair that the US had punished all for the offence of few,\u2019 said Bengal Plastic managing director Shahedul Islam.
\nPresident Barack Obama announced Thursday the suspension of US trade privileges for Bangladesh because of concerns over labour rights and worker safety that intensified after hundreds died in a series of disasters in the country\u2019s garment industry.
\n\u2018As a big country US should have helped Bangladesh. But the decision would hamper our business,\u2019 Shahedul observed.
\nThe US decision might kill off market of plastic goods worth $3 million, Shahedul added.
\nIf the suspension continues, the growth of the sector might turn to negative, he said.
\nThere are some 5,000 small and heavy plastic makers in Bangladesh, which employ around 12 lakh workers.
\nTotal earnings from plastic exports stood at $88.69 million in the fiscal year 2011-2012.
\nShahedul, who is also a jute goods exporter, said that the opportunity of the export of jute diversified products would largely be hampered due to the US decision.
\n\u2018Enjoying the GSP facilities, I exported handmade jute carpets worth nearly $1 million to the US every year. But now I will have to pay
\nContinued on B2 Col. 1<\/p>\n

-With New Age<\/span> input<\/p>\n","protected":false},"excerpt":{"rendered":"

SUSPENSION OF GSP FACILITIESA Ceramic, plastic, jute goods makers to take direct hit Some export oriented industries like ceramic, plastic and jute goods would directly be affected by the US decision suspending Generalised System of Preferences facilities for Bangladesh as the sectors had been enjoying the facility when their products entered the US market. People … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[4],"tags":[],"yoast_head":"\n