The United States Will Continue To Offer GSP To Bangladesh Sleeping Bags.

The United States decided to provide a GSP for Bangladesh sleeping bags.

The United States decides on Bangladesh.

The US company is Excel Outdoor, which has applied to the US trade representative office, hoping to classify sleeping bags as textile products, so it is cancelled from the list of GSP.

After receiving this application, the United States trade representative also took measures to review the GSP in January.

In response to the immediate response from the application, the Bangladesh government lobbied the US government after discussions with various stakeholders.

Bangladesh Ministry of Commerce World Trade Organization, Bangladesh

After receiving these suggestions, the Obama administration rejected the application of domestic companies and decided to continue offering the GSP to Bangladesh sleeping bags.

Supplement:

According to industry experts, the textile industry in Sri Lanka has the strength, even without the convenience of GSP+, it can achieve higher speed development.

Although GSP+ convenience is regarded as a reward for the industry to enter the global market, industry can not always rely on such preferential treatment.

Sri Lanka's labor cost is relatively lower than Eastern Europe's labor cost, which is 1/10 of the European labor cost.

This is an advantage of Sri Lanka.

Experts said that at present, Sri Lanka enterprises should focus on improving production capacity and increasing their production capacity to 85-90%.

If the industry can achieve such a high production capacity and improve product quality, even if the price is not allowed, buyers will continue to purchase products from Sri Lanka.

As labour costs in Eastern European countries have surged, investment may flow into Sri Lanka. At present, about 5000 jobs have been created in the investment promotion area in the area of the card city.

As these companies maintain high levels of productivity, quality and quantity are delivered on time, buyers continue to buy their products.

Therefore, according to experts, the key to better development lies in buyers.

However, at present, companies find it difficult to recruit workers, mainly because workers do not get the recognition they deserve.

Most of the foreign allowances have been granted to women working in the garment industry in the Middle East and women in major export industries, with an allowance of more than 1 billion dollars.

Although working women play an important role in economic development, their contributions have not yet been recognized.

There are about 50 vacancies in a jeans factory in the Mu Po ha area, but the employment rate in this area is 99.9%.

The company plans to increase Nissan to 10000 jeans next year, compared with 8500 jeans at present.

The jeans company is developing some new export markets, such as Australia, Middle East countries and China.