US Senator assures Bangladesh of discussing GSP issue in Senate

FE Report David Vitter, a US Republican Senator from Louisiana, assured Bangladesh Ambassador to the US Akramul Qader on February 8 that he would discuss Bangladesh's generalised system of preferences (GSP) issue with his colleagues in the Senate. The Ambassador briefed the US lawmaker about various aspects of the US-Bangladesh mutual trade, including the problems and potentials, according to a press release received in the city Sunday. Given the ongoing debate on Bangladesh's eligibility to continue availing the GSP benefit, Akramul Qader particularly focused on the rationale to retain the facility as well as the appalling consequence that may arise, if the facility is withdrawn or even restricted. He informed the Senator about the latest labour compliance situation in Bangladesh, and the progress the country has made in this area in the overall framework of rule of law, creating opportunities for the disadvantaged section of the society particularly the women. The Ambassador mentioned to David Vitter that it is the 3.8 million women workforce, who will be the worst affected, if there is any negative growth in RMG export. Any unfavourable decision on the GSP may have an adverse impact on export of Bangladeshi apparels to the US and the European Union, the two main destinations of local garments, he added. The envoy also called upon the Senator to extend support, so that no undesirable decision is taken with regard to the GSP facility extended to Bangladesh.