BGMEA hopeful of obtaining GSP Plus facilities in EU after LDC graduationFaruque Hassan, president of Bangladesh Garment Manufacturers and Exporters Association, speaking at a media briefing in Dhaka on Saturday –bdnews24.com photoThe Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is hopeful of obtaining the GSP Plus facilities in the European Union (EU) market after graduation from the Least Developed Countries (LDCs) status of Bangladesh. "Obtaining GSP Plus status in the EU market will not be difficult if the EU finally adopts the proposed rules without the threshold criteria,” said BGMEA President Faruque Hassan. The BGMEA president admitted that the GSP facilities in the US market would not be obtained easily as political issues are related here. The higher threshold for Bangladesh was a major barrier in obtaining the GSP Plus after the LDC graduation. The BGMEA president suggested calculating the prices of per unit garment items and cost of products carefully to avoid losses amid the inflow of increased work orders.

Source: bd News24 October 02, 2021 17:13 UTC