US garment bill and our interests
The New Nation, Bangladesh
A NEW bill that will be soon proposed in the US House of Representatives, seeking extension of the US Generalised System of Preference (GSP) and allowing duty-free import of garments from all least developed countries, will not have the same benefits for Bangladesh that will be enjoyed by other LDC countries. According to newspaper reports, the bill tentatively titled the New Partnership for Development Act, and currently being developed by the Ways and Means Committee’s member Jim McDermott, also proposes that GSP programme should extend indefinitely beyond its scheduled expiration after December 2014. The proposed bill especially offers duty-free GSP eligibility to apparel, and possibly footwear from all least developed countries. Currently such tariff preferences are limited to African and Andean countries under the African Growth and Opportunity Act and Andean Trade Promotion and Drug Eradication Act. Read more about US garment bill and our interests …