Home / Knowledge / News / Apparel/Garments / Delay in review of US GSP will affect B'desh RMG exports
Delay in review of US GSP will affect B'desh RMG exports
20
Nov '12
Mr. Dan Mozena
Mr. Dan Mozena
The delay in reviewing the US tariff reduction facility – Generalized System of Preferences (GSP) – will create a negative impact on the trade relation between Bangladesh and the US, especially exports of Bangladeshi readymade garments (RMG) to the US.
 
Dan W Mozena, the US Ambassador to Bangladesh said that a petition against Bangladesh’s GSP has been pending for five years, which is the longest in the US history.
 
He added that the delay in reviewing GSP will create a negative impact on the trade relation between the two countries. He was speaking at a monthly luncheon meeting of Foreign Investors’ Chamber of Commerce and Industry (FICCI) in Dhaka.
 
According to the US Ambassador, American Federation of Labor and Congress of Industrial Organization (AFL-CIO) have filed a petition against access to tariff reduction facilities by Bangladesh on the basis of the country’s failure to ensure labor rights.
 
Mr. Mozena further said that the US apparel buyers are concerned over the slow pace of infrastructural changes and the prevailing labor issue in Bangladesh.
 
He opined that by resolving all the issues constraining the growth of Bangladeshi garment sector with the support of all the concerned stakeholders, the country can become the world’s largest exporter of RMG as well as household textiles.
 
At present, GSP provides preferential duty-free entry to numerous products imported into the US from over 100 designated beneficiary countries and territories.
 

Fibre2fashion News Desk - India


Must ReadView All

US announces final CVD on fine denier PSF from China, India

Textiles | On 19th Jan 2018

US announces final CVD on fine denier PSF from China, India

The US secretary of commerce Wilbur Ross recently announced the...

EU consumers to gain from cheaper, safer, better e-payments

Apparel/Garments | On 19th Jan 2018

EU consumers to gain from cheaper, safer, better e-payments

European consumers can now reap the full benefits of paying online...

Courtesy: Epson

Textiles | On 19th Jan 2018

Epson's new SC F2100 enhances DTG printing

Epson, a leader in inkjet printers and digital textile printing...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

January 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search