bdnews24.com :
An apparently angry commerce minister has said Bangladesh does not need preferential facility under GSP in the US market.
Tofail Ahmed said on Sunday there had been a lot of talk on the GSP but they produced no results.
“We don’t want…I say we don’t want… too much talks about GSP…we don’t need GSP anymore,” he said, citing that Bangladesh used to get only $30 million GSP benefits before it was suspended in June last year.
The minister was speaking at the launch of the New York-based Tau Investment Management in Bangladesh.
The US suspended the GSP privilege that some of Bangladesh’s products had been enjoying in the wake of the Rana Plaza building collapse that killed more than 1,100 people, mostly workers.
The main export item, ready-made garments, never enjoyed the benefit. The worst-ever building collapse evoked worldwide concern and buyers and retailers formed an ‘Accord’ to inspect factories to look into its structural as well as fire safety issues. They also advise the closure of factories if they find them in any way hazardous.
The Commerce Minister said on Sunday he got a call from Chittagong saying an ‘Accord’ team was out to shut down factories.
An apparently angry commerce minister has said Bangladesh does not need preferential facility under GSP in the US market.
Tofail Ahmed said on Sunday there had been a lot of talk on the GSP but they produced no results.
“We don’t want…I say we don’t want… too much talks about GSP…we don’t need GSP anymore,” he said, citing that Bangladesh used to get only $30 million GSP benefits before it was suspended in June last year.
The minister was speaking at the launch of the New York-based Tau Investment Management in Bangladesh.
The US suspended the GSP privilege that some of Bangladesh’s products had been enjoying in the wake of the Rana Plaza building collapse that killed more than 1,100 people, mostly workers.
The main export item, ready-made garments, never enjoyed the benefit. The worst-ever building collapse evoked worldwide concern and buyers and retailers formed an ‘Accord’ to inspect factories to look into its structural as well as fire safety issues. They also advise the closure of factories if they find them in any way hazardous.
The Commerce Minister said on Sunday he got a call from Chittagong saying an ‘Accord’ team was out to shut down factories.
