Thursday, 28 March, 2024, 3:41 PM
Advance Search
Home

BGMEA to get US law firm’s service on EU GSP extension

Published : Wednesday, 13 January, 2021 at 12:00 AM  Count : 391

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) recently signed an agreement with US firm Sidley Austin LLP for advice on getting duty-free trade benefits to the European Union (EU) extended once Bangladesh graduates from the group of least developed countries (LDCs) in 2024.
The EU has offered a three-year grace period on the facility following the graduation, says fashion and apparel news portal fibre2fashion.com
The firm will advise BGMEA in preparing arguments and strategies to prolong preferential market access to the EU, with a focus on the ongoing EU generalised system of preferences (GSP) reform discussions and Brexit, Bangladesh newspapers reported.
The graduation is set to mark the end of GSP, a component of which is the EU's Everything But Arms (EBA) initiative. The EBA allows duty-free access to Bangladesh's shipments considering the country's LDC status.
The law firm's services are free under its Trade for Development Initiative, Emerging Enterprises pro bono programme, said BGMEA president Rubana Huq.



















Latest News
Most Read News
Editor : Iqbal Sobhan Chowdhury
Published by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka.
Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000.
Phone: PABX- 41053001-06; Online: 41053014; Advertisement: 41053012.
E-mail: info©dailyobserverbd.com, news©dailyobserverbd.com, advertisement©dailyobserverbd.com, For Online Edition: mailobserverbd©gmail.com
  [ABOUT US]     [CONTACT US]   [AD RATE]   Developed & Maintenance by i2soft