DHAKA, May 15, 2017 (BSS)- EU Head of Delegation in Dhaka Ambassador Pierre Mayaudon today said Bangladesh and European Union have started discussion on GSP (Generalised Scheme of Preferences) Plus as the country is going to graduates to the developing country.
Speaking at the second quarterly luncheon meeting of the MCCI, Mayaudon said there are still some problems in protecting the rights of readymade garment workers and allowing trade union in the garment sector. Bangladesh should play more active and effective role in solving these problems.
The GSP Plus scheme will be applicable for Bangladesh when it becomes a developing country. It will have to fulfill some conditions-strengthening workplace safety, improvement of labour rights, saving the environment and reduction of corruption for receiving the GSP Plus status from the EU.
President of Metropolitan Chamber of Commerce and Industry (MCCI) Nihad Kabir delivered the welcome speech at the meeting.
Mayaudon said Bangladesh has made good progress in the area of firefighting and building safety.
He said Bangladesh enjoys duty-free market access to the EU countries for all products under the Everything But Arms (EBA) preferential tariff scheme.
Though 49 developing countries are enjoying such facilities, Bangladesh is the country which has been able to maximize this opportunity properly, he added.
"Bangladesh needs to comply with 27 core conventions declared by the United Nations (UN) if it wants to continue to enjoy this facility in future," he said.
Mayaudon said social security, good governance and development of technology are the three challenges for Bangladesh.
About the investment of EU countries in Bangladesh, Mayaudon said the country needs to improve its position in 'cost of doing business index'.
At the same time, it will have to take steps to protect workers' rights and amend the investment-trade related laws to attract investments from EU countries.
He assured of extend all necessary cooperations from the EU to Bangladesh in this regard.
According to the Export Promotion Bureau (EPB), Bangladesh export to EU countries stood at US$18.68 billion in the last fiscal year, which is 54.57 percent of total export of US$34.24 billion. Of the total amount, US$17.15 billion came from apparel products.
Source: Bangladesh Sangbad Sangstha (BSS)