Home / Knowledge / News / Apparel/Garments / Efforts help save $1bn Bangla garment exports to Canada
Efforts help save $1bn Bangla garment exports to Canada
05
Apr '13
Bangladesh’s extensive diplomatic efforts and constant lobbying has saved one billion dollar RMG export to Canada, and paved the smooth way for future export. The Parliament of Canada has recently decided to amend the relevant criteria in the review of the General Preferential Tariff (GPT) and the Rules of Origin.

This landmark decision has culminated into a safeguard for the existing one billion dollar export from Bangladesh to Canada and future growth in the apparel sector.

Earlier in December 2012, the review of the GPT guidelines proposed that if at least 60% of the value of a product had not been from raw materials from one or more of the GPT beneficiaries, the exporter country would lose the GPT facilities in Canada.

The challenge for Bangladesh was that more than 90% of the imported raw materials were from countries which would cease to be GPT beneficiaries after June 2014.

As per the proposed review of the Rules of Origin, Bangladesh was supposed to lose GPT facilities, i.e. duty and quota free access for its RMG export to Canadian market due to Bangladesh’s high dependence on future graduating countries from the GPT regime, like India, China, Thailand, etc.

Even though Bangladesh and likewise countries under the Least Developed Country Tariff (LDCT) would continue to get GPT facilities beyond 2014, the consequences of the proposed review of the Rules of Origin was about to create a collateral damage to Bangladesh’s RMG sector and its export to Canada.

The Canadian Budget 2013 has, therefore, announced the following:

"The Government (of Canada) will also ensure that graduating countries from the GPT regime does not reduce the benefits of the Least Developed County Tariff (LDCT) regime. The General Preferential Tariff and Least Developed Country Tariff Rules of Origin Regulations will be amended in order to continue allowing the duty-free importation of textiles and apparel from least developed countries that are produced using textile inputs from current GPT beneficiaries."

The High Commissioner of Bangladesh to Canada, Kamrul Ahsan said that the Canadian decision comes as a great relief after intense diplomatic efforts with the Canadian Government. In this regard, the High Commissioner thanked the Ministry of Foreign Affairs, Ministry of Commerce as well as BGMEA for their all out support to Bangladesh High Commission in Ottawa for maintaining close coordination.

He added that this decision would not only ensure the continued growth of Bangladesh-Canada trade relations but also save the employment of thousands of women workers in the apparel industry in Bangladesh.

BGMEA


Must ReadView All

Textiles | On 20th Aug 2017

PetroVietnam, Vinatex discuss reviving PVTEX plant

Discussions are under way between PetroVietnam and textile and...

Courtesy: Mexx

Fashion | On 20th Aug 2017

RNF acquires Mexx fashion brand

RNF, the Dutch sports and fashion holding, has purchased the global...

Textiles | On 20th Aug 2017

Intertextile Shanghai Home Textiles opens on August 23

Intertextile Shanghai Home Textiles, Asia’s leading platform to meet...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Marten Alkhagen
Swerea IVF AB

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

August 2017

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
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

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
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

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
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

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
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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