Bangladesh negotiates with EU, hopes to receive GSP plus treatment

According to the “Daily Star” report on November 15, the Bangladesh government is currently negotiating with the European Union, hoping to obtain the EU’s Generalized System of Preferences plus treatment. As a least developed country, Bangladesh enjoys the zero-tariff GSP treatment granted by the EU. However, with the rapid economic development of Bangladesh, once it graduates from the list of least developed countries, it will not be able to enjoy the GSP treatment. At present, the EU gives Pakistan and other developing countries GSP plus treatment, which is lower than the GSP. Bangladesh hopes that it can enjoy GSP plus treatment after becoming a developing country, but the EU has not yet officially expressed its position. Bangladesh negotiates with the EU, hoping to obtain GSP plus treatment