The US envoy has expressed the hope that Bangladesh would regain its Generalized System of Preferences (GSP) facility in the US market provided a 16-point plan of actions prescribed by US Trade Representative (USTR) is implemented.
"We want Bangladesh regains its GSP facility successfully and we want exercise to be made in respect of 16-point action plans that we presented in 2013," US ambassador to Bangladesh Earl R. Miller told reporters during a view-exchange meeting in the commerce ministry on Sunday.
Giving importance on the solution to the existing problems linked with cotton, he said it is vital for the advancement of trade relations for the two countries. Trade relation between the US and Bangladesh is good, he added.
Commerce minister Tipu Munshi called for ensuring proper prices of Bangladeshi ready-made garment (RMG) products in the US market.
The government is providing special facilities for boosting investment, he said, adding that an investment-friendly environment now prevails in the country. One hundred special economic zones (SEZs) are also being built in the country.
A review meeting on Trade and Investment Cooperation Forum Agreement (TICFA) was held at the commerce ministry on Sunday. Commerce secretary Md. Mofizul Islam led the Bangladesh side in the meeting.
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