Post-MFA Trading Regime.
€ 10m EC package to support quality management system
UNB, Dhaka
A financing agreement signed yesterday for Bangladesh Quality Support Programme will fetch 10 million euros equivalent to Tk 76.33 crore as part of European Commission support for the country's integration into the post-MFA trading regime.The agreement was signed between the European Commission (EC) and the government of Bangladesh. Ismail Zabihullah, secretary of Economic Relations Division, and Esko Kentrschynskyj, ambassador and Head of the EC delegation to Bangladesh, signed the accord. The total cost of the programme is estimated at 13.5 million euros, of which EC's contribution is 10 million. United Nations Industrial Development Organisation (UNIDO) and the International Trade Center (ITC) will provide 0.80 and 0.15 million euros respectively. The remaining 2.55 million euros will come from government coffers. The national partners are the Ministries of Industries, Textile and Jute, Fisheries and Livestock, and Commerce. Private-sector organisations and the consumer association are also "expected to benefit significantly from the programme", says an EC delegation announcement. This progrmme is part of the EC's support for Bangladesh to integrate the country into the world trading system and to strengthen its economy "in view of the threats to its dominant garment industry due to the phasing-out of the quota system" under the agreement of textiles and clothing. The programme aims at contributing to growth and poverty reduction, assisting Bangladesh in the development, strengthening and diversification of its production and export base.
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Ismail Zabihullah, secretary of Economic Relations Division, and Esko Kentrschynskyj, ambassador and head of the EC Delegation to Bangladesh, sign an agreement in Dhaka yesterday. Under the deal, Bangladesh will get 10 million euros as part of European Commission support for the country's integration into the post-MFA trading regime. PHOTO: PID |
