US to continue GSP facility for Bangladeshi sleeping bags
Monday, 12 July 2010
The United States has decided to continue its generalised system of preferences (GSP) facility for the Bangladeshi sleeping bags for which it will enjoy zero tariffs while exporting the same to the US Market, reports UNB.
The decision was taken as the Obama Administration dismissed a petition filed on July 1 by a US company seeking cancellation of the GSP facility for Bangladeshi sleeping bags while entering into US market, said a Commerce Ministry release.
Excel Outdoor, an US company, filed a petition to the United States Trade Representative (USTR) to identify sleeping bags as textile product and exclude the item from its GSP list.
Following the petition, the USTR took initiative to review the GSP facility in January.
The Bangladesh government in a prompt bid lobbied with the US government after discussing the matter with different stakeholders.
The WTO Cell of the Commerce Ministry, Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Chittagong Export Processing Zone and the concerned manufacturing institutions also apprised the US administration separately in writing citing arguments for Bangladesh.
After reviewing the arguments, the Obama administration dismissed the petition and decided to maintain the GSP facility in favour of Bangladeshi product.
The decision was taken as the Obama Administration dismissed a petition filed on July 1 by a US company seeking cancellation of the GSP facility for Bangladeshi sleeping bags while entering into US market, said a Commerce Ministry release.
Excel Outdoor, an US company, filed a petition to the United States Trade Representative (USTR) to identify sleeping bags as textile product and exclude the item from its GSP list.
Following the petition, the USTR took initiative to review the GSP facility in January.
The Bangladesh government in a prompt bid lobbied with the US government after discussing the matter with different stakeholders.
The WTO Cell of the Commerce Ministry, Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Chittagong Export Processing Zone and the concerned manufacturing institutions also apprised the US administration separately in writing citing arguments for Bangladesh.
After reviewing the arguments, the Obama administration dismissed the petition and decided to maintain the GSP facility in favour of Bangladeshi product.