The United States is going to review the suspended Generalised System of Preference (GSP) for Bangladesh soon but the government has not taken any effective step to fulfil the requirements of the US to get back the trade privilege. The GSP is not a trade privilege only, the image of our country in the world is intertwined with it. Our readymade garments sector has achieved great success from a very humble beginning and our foolhardy steps may put this whole sector in jeopardy.
So, we must be very careful when we take any decision regarding our RMG sector. Foreign buyers would not like to place their orders where political uncertainty is everyday's affairs. We need to bring political stability in our country in order to achieve economic emancipation and we also need a national consensus for that. We must not forget that livelihood of millions of people depends on this sector. It is a major foreign exchange earner for our national exchequer as well. The RMG sector has provided employment to millions of women and unskilled Bangladeshi workers and brought economic independence for them. I hope the government will take every necessary step to reinstate the GSP facility as it will give a fresh impetus to our RMG sector.
Asif Khaled
Sutrapur, Dhaka
Effective steps needed to restore GSP
FE Team | Published: February 07, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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