Home / Knowledge / News / Apparel/Garments / US restores GSP benefits to Myanmar
US restores GSP benefits to Myanmar
16
Sep '16
Myanmar state counsellor Aung San Suu Kyi with US president Barack Obama at White House. Courtesy: statecounsellor.gov.mm
Myanmar state counsellor Aung San Suu Kyi with US president Barack Obama at White House. Courtesy: statecounsellor.gov.mm
US president Barack Obama has signed a proclamation reinstating Myanmar’s (formerly Burma) eligibility for benefits under the Generalized System of Preferences (GSP) programme as of November 13, 2016. Since Myanmar is a least developed country (LDC), it will be able to export approximately 5,000 products to the US duty-free under this programme.

The trade preference benefits were restored after the conclusion of a review of Myanmar’s compliance with the eligibility criteria under the GSP statute, including whether the country is taking steps to afford internationally-recognised worker rights.

“While there is more work to be done, including to address concerns regarding human trafficking, Burma has made important progress in recent years with respect to worker rights,” said United States Trade Representative (USTR) Michael Froman. “We see Burma’s democratically-elected government giving new hope to its people, making commitments to continue implementing reforms that strengthen workers’ voices, and working to combat forced and child labour. We have partnered with Burma to support many of these reforms in the past and will continue to do so with GSP in place.”

GSP benefits to Myanmar were suspended by the US in 1989 due to worker rights concerns. In 2013, the Myanmar government requested the US to restore the trade benefits. Subsequently, the Office of the United States Trade Representative led an extensive review of Myanmar’s compliance with all of the GSP eligibility criteria, and in particular of Myanmar’s recent record of labour reforms and strengthened worker protections.

Since the new democratic government took office in March 2016, senior Myanmarese government officials, led by Aung San Suu Kyi, and joined by Myanmarese business and labour leaders, have also engaged closely with the United States on labour issues to demonstrate their country’s eligibility under the statutory GSP criteria.

The benefits under the GSP programme will be reinstated effective on November 13, 2016, after a 60-day Congressional-notification period. As a United Nations-listed LDC, whose per capita income is at $1,280, the second-lowest in East and Southeast Asia, Myanmar will be able to export approximately 5,000 products to the United States duty-free.

“Regaining GSP trade benefits will spur economic development, generating opportunities for exports that create jobs and help reduce poverty in the formerly-closed economy,” the USTR said in a statement. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 28th Nov 2020

3 Bangla RMG firms present energy efficiency action plans

Small energy efficiency working groups (SEEWGs) of three top tier...

Pic: Shutterstock

Textiles | On 28th Nov 2020

Pak PM asks ministries to help textile sector meet demand

Pakistani Prime Minister Imran Khan recently directed the commerce...

Pic: Shutterstock

Apparel/Garments | On 28th Nov 2020

Rwanda's garment-textile exports grow by 83% in 2 years

Rwanda's textile and garment sector grew 83 per cent in value between ...

Interviews View All

Top executives, Textile industry, India

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Textile Industry, Head honchos

Textile Industry
Head honchos

The pandemic has reinstated need for organised retail spaces in Tier II...

Software Firms, Head honchos

Software Firms
Head honchos

Blockchain technology will shorten lead times

N Nithyanandan,

N Nithyanandan

Incorporated in 1999, Purani Textiless Private Limited is one of the...

Neeraj Sharma,

Neeraj Sharma

Headquartered in Surat, Gujarat, Orange O supplies digital textile...

Yogesh Kanani,

Yogesh Kanani

Incorporated in 1999, Purani Textiless Private Limited is a leading...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Judy Frater, Somaiya Kala Vidya

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

Leave your Comments


November 2020

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


Advanced Search