Bangladesh to raise issue of US GSP revival at TICFA meeting in Nov
26 Aug 22 2 min read
The United States does not offer GSP to any country now. The tenure of the last GSP programme ended in 2020 and the US Congress has not revived it. The US trade representative (USTR) suspended the GSP benefit for Bangladesh on June 27, 2013, citing poor labour rights and poor workplace safety following two industrial disasters.
Once the US Congress adopts a new GSP programme for different countries in the near future, Bangladesh will again urge USTR to revive the GSP for itself, said Ghosh.
The Obama administration then also released 16 preconditions necessitating improvements from the government and the private sector for GSP reinstatement.
- Bangladesh, Iraq & South Africa lead in trademark processing delays
- IMF recommends compact budget for Bangladesh
- Bangladesh, Bhutan pledge barrier-free trade
- IMF proposes Bangladesh to scrap tax rebates for 33 sectors: Reports
- Kenyan cabinet secretary hints progress in Kenya-US trade talks
- Chinese zipper manufacturer to invest $19.97 mn in Bangladesh’s BEPZA
Bangladesh has amended the labour law and made improvements in workplace safety following guidelines of two international platforms, Accord and Alliance, and submitted the progress reports to the USTR twice for revival of the GSP.
However, the benefit was not revived, citing the need for further improvements in labour and intellectual property rights.
The fifth US-Bangladesh TICFA Council was held in Dhaka on March 5, 2020. TICFA was signed in 2013.
Fibre2Fashion News Desk (DS)
Popular News
|
Indian fashion retailers make significant strides in sustainability |
|
Vietnam’s textile & apparel sector sees FDI revival: Reports |
|
China’s textile & garment exports see modest growth in Jan-Mar 2024 |
|
Australia ramps up sustainable fashion amid growing awareness |
|
Indian economy projected to grow at 8-8.3% in FY25: PHDCCI |
|
Global sports company Puma & Scuderia Ferrari launch new collection |