EU to offer GSP Plus status to BD

The European Union (EU) will continue the generalized system of preferences (GSP) to Bangladesh after graduation of the country to the middle-income status, Commerce Minister Tofail Ahmed told journalists on Thursday. The country is expected to be graduated to the middle-income group in seven years, when some of the existing trade preference would go because those are given only to the low-income group states. But, after attending an important meeting in Brussels, Tofail Ahmed said Bangladesh would be enjoying trade preference in EU countries under the GSP Plus status, according to a news agency.