BGMEA to get US regulation agency’s service on EU GSP extension



The Bangladesh Garment Producers and Exporters Affiliation (BGMEA) lately signed an settlement with US agency Sidley Austin LLP for recommendation on getting duty-free commerce advantages to the European Union (EU) prolonged as soon as Bangladesh graduates from the group of least developed nations (LDCs) in 2024. The EU has provided a three-year grace interval on the ability following the commencement.

The agency will advise BGMEA in getting ready arguments and methods to extend preferential market entry to the EU, with a give attention to the continuing EU generalised system of preferences (GSP) reform discussions and Brexit, Bangladesh newspapers reported.

The commencement is ready to mark the tip of GSP, a part of which is the EU’s All the things However Arms (EBA) initiative. The EBA permits duty-free entry to Bangladesh’s shipments contemplating the nation’s LDC standing.

The regulation agency’s providers are free beneath its Commerce for Growth Initiative, Rising Enterprises professional bono programme, stated BGMEA president Rubana Huq.

Fibre2Fashion Information Desk (DS)

The Bangladesh Garment Producers and Exporters Affiliation has signed an settlement with Sidley Austin LLP for recommendation on getting duty-free commerce advantages to the European Union (EU) prolonged as soon as Bangladesh graduates from the group of least developed nations in 2024. The EU has provided a three-year grace interval on the ability following the commencement.





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