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

Alliance to form joint entity for safety in factories

Textiles | On 24th Apr 2018

Alliance to form joint entity for safety in factories

On the 5th anniversary of the Rana Plaza Collapse, The Alliance for...

China’s Alibaba partners with Thailand for digital trade

Textiles | On 24th Apr 2018

China’s Alibaba partners with Thailand for digital trade

China’s Alibaba Group recently signed an agreement with the Thai...

Courtesy: Skineez Skincarewear

Apparel/Garments | On 24th Apr 2018

Skineez, Walmart partner for smart wearables

Skineez Skincarewear, a leading cosmotextile skincarewear company,...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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

Leave your Comments


April 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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
7.8%
Skip
9.7%

Total Votes: 103


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