Tag Archives: GSP

Production at risk as AnnonTex fails rescheduling EUR 374 million default loans

AnonTex Group fails to reschedule it’s defaulted loans amounting BDT 3,742 crore or ca. EUR 374 million as the central bank of Bangladesh, the Bangladesh Bank (BB) rejects it’s application, reports the daily Dhaka Tribune. AnonTex Group’s house bank the state-run Janata has been extra-ordinary generous to this particular client fully supporting and pleading for […]

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EU Trade Preference GSP+ to Bangladesh Conditional

Preferential treatment of Bangladesh’s goods and services in the European Union (EU) market in the future will depend on implementation of 27 core UN conventions on human and labour rights, environmental protection and good governance, according to the EU during a virtual high-level policy meeting with Bangladesh on the 20th October 2020. Bangladesh will no […]

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Sourcing from Bangladesh is expected to be 9% higher

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Bangladesh is likely to lose about $2.7 billion in export earnings every year once it graduates from the Least Developed Country (LDC) bracket. Upon graduation from the LDC status, exports will be subjected to 6.7 percent additional tariff as duty-free and quota-free benefits from different countries and trading partners will be withdrawn, according to a […]

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Explosives screening mandatory for direct cargo services to the EU

The European Union (EU) authorities include Bangladesh to the high-risk countries in terms of operating direct cargo services to the EU, according to the Civil Aviation Authority of Bangladesh (CAAB). The EU Ambassador to Bangladesh Pierre Mayaudon informed this decision at a meeting with CAAB Chairman Air Vice-Marshal Ehsanul Gani Chowdhury at the latter’s office yesterday, meeting sources […]

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Keine Extrakosten für die Ausstellung der EU GSP Form A

Seit 1. Januar 2011 hat die EU eine neue Regelung für die Ausstellung eines „preferential certificate of origin GSP form A” für bestimmte Entwicklungsländer, wie z.B. Bangladesch, herausgegeben. Danach fallen in Bangladesch produzierte Textilien unter die neue EU GSP Regelung und können zollfrei in die EU aus Bangladesch exportiert werden, selbst wenn Sie unter Verwendung […]

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Another $25m IFC loan to a Bangladeshi company PRAN

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International Finance Corporation (IFC), the private sector development arm of the World Bank Group, has provided yet another $25 million loan […]

Korean Export Processing Zone at serious risk

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Instead of handing over the Korean Export Processing Zone (KEPZ) to the investor, the government of Bangladesh plans to take back […]

Dhaka needs to remove its rocky anti-FDI atmosphere

Korean Ambassador to Bangladesh Lee Yun-young

Korean Ambassador to Bangladesh Mr. Lee Yun-young has said Bangladesh should come out from protectionism and open up its market […]

‘Welfare Associations’ to negotiate for rights at Bangladesh EPZ

The Government of Bangladesh today approved, in principle, draft of a labour law for Export Processing Zones (EPZ) with the provision […]

Return of GSP seems far off – a lot more must be done

Bangladesh’s progress in implementation of the National Tripartite Plan of Action on Fire Safety and Structural Integrity (the Action Plan) which provides a […]

Bangladesh halts shutdown of “unsafe” factories

The Bangladeshi government is refusing to shut down garment factories declared unsafe, following a row with independent inspectors over the […]