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Update : 2015-11-05 21:32:24
Top business leaders urge US authority for revival of GSP
‘Bangladesh already fulfilled all US conditions’
Staff Correspondent

Top business leaders urge US authority for revival of GSP

Kurt W. Tong, Principal Deputy Assistant Secretary of State for Economic and Business Affairs (2nd from right), Hafizur Rahman Khan, President of the IBFB (3rd from right), Mahmudul Islam Chowdhury, Founding President of the IBFB (right) and Gilbert Morton, Officer for Bangladesh Affairs in the State Department (left) pose for photo after a meeting in the U.S. State Department in Washington DC recently.

Top Bangladesh business leaders strongly urged the US authority to revive GSP facilities for Bangladeshi products in the U.S. market. The issue was discussed in a meeting between a leading business delegation of the International Business Forum of Bangladesh (IBFB) and the top officials of the U.S. State Department in the USA recently, according to a message received here Thursday.  Hafizur Rahman Khan, President of the IBFB and Chairman of the Runner Group of Companies and Mahmudul Islam Chowdhury, founding president of IBFB, and Chairman of the Khan Bahadur Group and former mayor of Chittagong discussed about GSP issue in the meeting in Washington DC. Kurt W. Tong, Principal Deputy Assistant Secretary of State for Economic and Business Affairs, Gilbert Morton, Officer for Bangladesh Affairs in the State Department and other officials were present in the meeting. In the meeting, the IBFB leaders reiterated that Bangladesh has already fulfilled almost all U.S. conditions and therefore, it is the right time for revival of GSP. They opined that if GSP facilities were restored, it will enhance bilateral trade and thus reduce trade gap between USA and Bangladesh. IBFB leaders also discussed about the prevailing Bangladesh investment climate, opportunities for foreign entrepreneurs, especially for the U.S. companies and said the foreign entrepreneurs can invest in Bangladesh. They also discussed other business issues in the meeting. The Principal Deputy Assistant Secretary has agreed to visit Bangladesh and attend the forthcoming Annual General Meeting of the IBFB to be held in the next year in Dhaka.