Generalized System of Preferences (GSP), a trade facilities provided by United States of America for the world’s poor and developing countries, is needed for recovering clean image in the ready-made garments sector of Bangladesh.
Commerce Minister Tipu Munshi expected necessary cooperation of USA in this regard on Thursday.
He expressed his desire in the capital’s Pan Pacific Sonargoan Hotel, while he opened ‘26th US Trade Show-2019’ in this morning.
“It (GSP) is important for us to overcome the image crisis of garments sector. So we hope, USA will help us in resume this facility,” Tipu Said.
Newly appointed US Ambassador Robert Miller, American Chamber of Commerce in Bangladesh president Nurul Islam and former president Aftab-Ul-Islam were present in the three-day long trade fair.
Generalized System of Preferences (GSP) provides opportunities for many of the world’s poor and developing countries to use trade to grow their economies and climb out of poverty.
Earlier, Bangladesh was excluded from the list of the United States’ generalized system of preference (GSP) in August 2015.