US again refuses to grant Bangladesh GSP treatment

According to the “Daily Star” report on July 11, the list of countries applicable to the Generalized System of Preferences (Generalized System of Preference) recently released by the Office of the United States Trade Representative (USTR) shows that Bangladesh has once again been banned due to labor rights issues. The countries that were shut out and had their GSP treatment canceled were Ecuador, Fiji, Georgia, Indonesia, Iraq, Niger, Philippines, Thailand, Ukraine, and Uzbekistan. Under the GSP arrangement, the United States applies zero tariffs to nearly 5,000 products from 122 countries and regions. In April 2013, after the Rayla Plaza collapse in Bangladesh, the United States canceled Bangladesh’s GSP treatment and proposed a 16-point action plan. Although Bangladesh has submitted an improvement report to the United States, it has not yet been recognized by the United States. From January to May 2016, Bangladesh exported US$2.54 billion to the United States and imported US$346 million. The United States again refuses to grant Bangladesh GSP treatment