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Bangladesh: GSP no more an issue for exports to US, Momen

DHAKA, 11 May 2022, (TON): Foreign minister AK Abdul Momen said “the reinstatement of the Generalised System of Preferences to the US market for Bangladeshi products was no more an issue although it was pressed politically.”

He said “the major issue was rather high tariff on exports of readymade garments from Bangladesh to the United States.”

We want free trade. We talk about the reinstatement of the GSP facility politically. The US charges as high as 15.5 per cent tariff on exports of our garment items.

We want our competitors are not given such facility,’ Momen told reporters after a meeting of the US-Bangladesh Business Council.

He mentioned “a 27-member delegation from the US businesses now visiting Bangladesh attended the meeting at the Foreign Service Academy.”

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