BGMEA seeks duty benefits from EU for 12 years after LDC graduation

20 Oct '21

1 min read

Pic: Shutterstock

After Australia, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged the European Union (EU) to continue its trade benefit for Bangladesh for 12 years after the country's graduation from LDCs in 2026. The extension will help Bangladesh in making smooth transition from LDC and preparing to face post-graduation challenges, as per BGMEA.

In a recent meeting with the ambassador of the European Union to Bangladesh Charles Whiteley in Dhaka, BGMEA’s president Faruque Hassan shared the achievements of Bangladesh’s RMG industry in workplace safety, environmental sustainability and workers’ wellbeing, the association said in a media release.

Hassan also thanked the EU for its move to remove 7.4 per cent import-share threshold from the GSP-plus vulnerability criteria, as the step will pave the way for Bangladesh to apply for GSP-plus benefit after its LDC graduation.

Additionally, the BGMEA president sought cooperation of the EU in developing capacity of the students of BGMEA University of Fashion and Technology (BUFT) in textile, apparel, fashion and business through collaboration with leading EU universities.

Fibre2Fashion News Desk (KD)

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