Staff Reporter
The new draft rules of the Generalised, System of Preferences (GSP) of the European Union may hard hit country knitwear sector and its backward linkage industries, fears sector leaders.
“Bangladesh’s knitwear sector grew depending on the trade friendly policy of government and cooperation of European Commission to the least developed countries. But the new draft rules will hit hard the sector,” BKMEA president Fazlul Huq told at a press conference at his office. Opposing the new draft of the EU GSP the BKMEA president said the new rule entitles 30 per cent value addition to get GSP facilities, which will be disastrous. [Read more]