Home / Knowledge / News / Apparel/Garments / Changes in Canadian GPT may not hit Bangladesh RMG sector
Changes in Canadian GPT may not hit Bangladesh RMG sector
02
Sep '13
courtesy: Dhaka Tribune
courtesy: Dhaka Tribune
Bangladesh’s garment sector would not be affected by the amendments being made by the Canadian Government in its General Preferential Tariff (GPT) rules and Rules of Origin.
 
Heather Cruden, Canadian High Commissioner in Bangladesh, said, as being a least developed country (LDC), Bangladesh would still qualify for duty-free access for its readymade garment (RMG) exports to Canadian market, reports Financial Express.
 
The High Commissioner was speaking at a seminar on 'Bangladesh Canada Trade and Economic Relations' jointly organised by the Bangladesh Foreign Trade Institute (BFTI) and the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) in Dhaka.
 
In its effort to modernise GPT, the Canadian Government has decided to graduate 72 higher-income and trade competitive countries, as of January 01, 2015, which would be no more eligible for GPT facilities.
 
This might affect Bangladesh as its imports lot of raw material for its garments from several countries that would be among the list of 72 graduating countries, including India, China, and Thailand.
 
The envoy said Canada would initiate measures to see that LDCs like Bangladesh do not lose on any of the benefits due to change in GPT, meaning that Rules of Origin requirements would also be altered to allow RMG manufacturers to enjoy duty-free access to Canada, even for goods made from textile inputs procured from existing but graduating GPT countries like India and China.
 
Ms. Cruden said Bangladeshi entrepreneurs need to develop new and better products and explore new and existing markets, while the Canadian Government shall extend policy and institutional support to this end.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Liz Manning

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

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Vaanee Bhatia
Gritstones Clothing

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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

October 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
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

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
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

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
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

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
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


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