B'desh should seek duty free access for clothing to US

09 Dec '11

1 min read

The Bangladeshi government should push for duty and quota free access to the US – the biggest global clothing importing country, attendees of a dialogue on upcoming world Trade Organisation (WTO) Ministerial: Challenges for Bangladesh said.

They strongly lobbied for political action on part of the Government for getting duty and quota free access to the US markets during the forum organized at a City Convention centre by the national think-tank – Centre for Policy Dialogue (CPD).

While presenting a keynote paper during the dialogue session, an eminent fellow of the CPD, Debapriya Bhattacharyya said that Bangladesh should now start concentrating on "second-generation" issues ahead of duty preferences including rules of origin, non-tariff measures and other regulations. Facilities pertaining to such issues may aid Bangladesh to boost its trade and exports, he said.

He added that a double-dip economic downturn in the US, high inflation in China and debt crisis which has hit the 17 member Eurozone economy are some of the main challenges confronting developing economies. He highlighted that the gap between Africa and Asian LDCs is widening due to differences over trade preferences in the developed countries.

Fibre2fashion News Desk - India

More Apparel/Garments News - Bangladesh...