Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 599 Fri. February 03, 2006  
   
Business


EU envoy expects US to give special trade facilities to LDCs


European Union Ambassador Stefan Frowein yesterday hoped the developed nations like the US would follow the EU in giving special trade facilities to the least developed countries (LDCs), particularly in importing apparel products.

“The US will give special trade facilities to the LDCs like the EU,” he said when leaders of Bangladesh Garments Manufacturers and Exporters Association (BGMEA) met him at his office.

He, however, advised the BGMEA leaders to look for alternative destinations for exporting garment items instead of depending only on the US and the EU.

The BGMEA leaders, led by its president Tipu Munshi, urged the EU ambassador to discuss with the EU trade commissioner for easing the Rules of Origin under the GSP system to facilitate the export of Bangladeshi garments to the EU.

In reply, Stefan said the EU is sincere in ensuring access of Bangladesh's apparel products to the EU countries and advised the BGMEA leaders to reduce the lead time in Chittagong Port, which is the highest in the world.

BGMEA Vice-president Abdus Salam Murshidi, Vice-president (finance) Shahdat Hossain Chowdhury (Arun), directors Annisul Haq and Harun-or-Rashid were, among others, present.