Home / Knowledge / News / Apparel/Garments / No change in GSP status to Bangladesh: EU Ambassador
No change in GSP status to Bangladesh: EU Ambassador
21
Jan '14
There is not going to be any change in the Generalised System of Preferences (GSP) status given by the European Union to Bangladesh, and the South Asian country can continue to supply goods to European markets on quota-free, tax-free basis, EU Ambassador to Bangladesh William Hanna has said.
 
Under the ‘Everything But Arms’ initiative, Bangladesh has quota-free and tariff-free access to the European market, and more than half of Bangladeshi exports are currently destined to the 28-nation bloc.
 
Hence, any change in EU’s GSP facility to Bangladesh would affect the US$ 20 billion readymade garment industry. 
 
Speaking to reporters in his office, Ambassador Hanna said the GSP would be reviewed in the next couple of months and suggested that Bangladeshi Government needs to address and bring further improvement in two specific areas.
 
Mr. Hanna said the process of recruitment of garment factory inspectors needs to be speeded up and secondly, a transparent database of garment factories needs to be developed.
 
In May 2013, the Bangladeshi Government promised the EU and the US to appoint 200 additional garment factory inspectors by December last year, but only a small number of new inspectors have been appointed so far.
 
There was a speculation in some circles that the EU might scrap the duty-free facilities for Bangladeshi products, including apparel, after the EU did not find the recent elections “transparent, inclusive and credible”. However, Mr. Hanna said Bangladeshi products will continue to enjoy duty-free access to the EU market.
 
This year, the EU would begin its next seven years’ strategy for Bangladesh, which will focus on food security and nutrition, education and skills, and democratic governance and human rights, he added.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Courtesy: Brook Brothers

Apparel/Garments | On 29th May 2017

America's Brooks Brothers added to CLiQ

Tata CLiQ Luxury, Tata group’s multi-brand, luxury e-commerce...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Johan Berlin
InvestKonsult Sweden AB

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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