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 6th Dec 2016

Garments, yarn export entitlement quota extended for 1 yr

Indian government has extended the export entitlement quota for...

Textiles | On 6th Dec 2016

Cash inflow will revive sales: Textile industry

The textile industry representatives are hopeful of revival of...

Courtesy: SIMA

Textiles | On 6th Dec 2016

Amma gave special attention for textile growth in TN: SIMA

Former Tamil Nadu chief minister J Jayalalithaa paid special...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Anshul Sood
Oceedee

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

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Ashok Desai
Bombay Textile Research Association

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Marcel Alberts
Eurofibers

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

Sonam & Paras Modi
SVA

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Bani Batra

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

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search