Home / Knowledge / News / Apparel/Garments / US keeps Bangladesh out of GSP
US keeps Bangladesh out of GSP
11
Jul '16
For the third year in a row, US has kept Bangladesh out of its GSP list of beneficiary countries for trade privileges on grounds of poor labour rights.

Ten more countries -- Ecuador, Fiji, Georgia, Indonesia, Iraq, Niger, the Philippines, Thailand, Ukraine and Uzbekistan – also feature in this list, mostly on account of poor labour rights record.

The list of beneficiaries for the Generalised System of Preferences scheme was updated last month by the United States Trade Representative (USTR), the chief trade negotiation body for the US government.

Bangladesh was suspended from the GSP scheme in April 2013 on grounds of shortcomings in workplace safety and poor labour rights in the garment sector after the infamous Rana Plaza fire tragedy in which more than 1,000 people perished.

The Obama administration then provided Bangladesh a 16-point action plan to win back the trade benefits.

Dhaka has already handed in its progress report on the action plan, but it fell short of the USTR's expectations. “More needs to be done to regain the trade benefits,” it said.

Banladesh's Commerce Minister Tofail Ahmed declined to comment on the issue, media reports from Dhaka said.

Before the suspension of GSP, Bangladesh used to annually export nearly $36 million worth of products to US under the 40-year-old GSP scheme, under which the US allows duty-free import to nearly 5,000 products from 122 beneficiary countries and territories.

Trade preference programmes such as the GSP and African Growth and Opportunity Act (AGOA) have greatly helped in lifting people out of poverty and supporting growth in some of the poorest countries in the world, said US Trade Representative Michael Froman.

In 2015, the total value of imports that entered the US duty-free under the GSP was $17.4 billion.

Bangladesh's annual shipments to the US, its single largest export destinations, amount to nearly $6 billion, with apparel items accounting for 95 percent of the receipts. In the first five months of 2016, Dhaka's exports to US stood at $2.54 billion and imports $345.5 million. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Chinese firm sets up textile-garment chain in Vietnam

Apparel/Garments | On 13th Dec 2017

Chinese firm sets up textile-garment chain in Vietnam

Worldon Vietnam Co. Ltd under the Chinese Shenzhou Group is likely to ...

Courtesy: SATO Global Solutions

Information Technology | On 13th Dec 2017

Sensor networks improve inventory management

Sensor networks like radio frequency identification (RFID) and smart...

CMAI hails review of FTP as 'progressive package'

Apparel/Garments | On 13th Dec 2017

CMAI hails review of FTP as 'progressive package'

The Clothing Manufacturers' Association of India (CMAI) has hailed...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Evelyne Cholet
UCMTF

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

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marten Alkhagen
Swerea IVF AB

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

December 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
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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