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Vows to work for improving workplace safety
The European Union (EU) will not suspend or discontinue the Generalised System of Preferences (GSP) facility for Bangladesh. Rather it will work closely with Bangladeshi stakeholders to improve workplace safety, said William Hanna, Head of Delegation of the European Union to Bangladesh
"The European Union will not follow the steps taken by the US on GSP facilities. It will maintain close ties with the stakeholders including the government, apparel makers and buyers to improve workplace safety," William Hanna said while he was speaking in an interview with a local television channel 'Channel i' Saturday.
William Hanna said Bangladesh Foreign Minister Dipu Moni is scheduled to visit Geneva on July 08, 2013 where a mechanism on how to improve workplace safety in Bangladesh will be discussed. He said buyers and ILO representatives will attend the programme.
The Ambassador said over 60 European buyers have signed an accord under which the companies will draw funds for improving workplace safety in Bangladesh.
He said the EU will not take any step which will create negative impact on the Bangladesh economy.
Bangladesh benefits from the most preferential trade arrangement granted unilaterally by the EU to LDCs, known as the "Everything but Arms" (EBA) scheme.
The EBA maintains the Generalised System of Preferences (GSP) for an unlimited period of time, so that it is not subject to periodic renewal as is the case for some other countries.
Bangladesh now enjoys a significant trade surplus with the EU, with exports over US$ 10 billion in 2012. More than half of Bangladesh's total exports go to the EU (54 per cent).
The European Union is among the three biggest donors of grant finance to Bangladesh, estimated at 500 million in 2011. The EC is (after the UK) the second largest EU donor to Bangladesh, with 403 million allocated under the Country Strategy Paper (CSP) for 2007-13, according to a statement available at EU website..
The CSP sets out the following priorities for assistance: health, education, good governance and human rights, economic and trade development, disaster management and food security.
The EU is broadly supportive of the government's reform agenda, and emphasises the need for it to deliver its promises and to ensure compliance with Bangladesh's human rights obligations.
source: EU won't follow US GSP action :: Financial Express :: Financial Newspaper of Bangladesh
@Dillinger
The European Union (EU) will not suspend or discontinue the Generalised System of Preferences (GSP) facility for Bangladesh. Rather it will work closely with Bangladeshi stakeholders to improve workplace safety, said William Hanna, Head of Delegation of the European Union to Bangladesh
"The European Union will not follow the steps taken by the US on GSP facilities. It will maintain close ties with the stakeholders including the government, apparel makers and buyers to improve workplace safety," William Hanna said while he was speaking in an interview with a local television channel 'Channel i' Saturday.
William Hanna said Bangladesh Foreign Minister Dipu Moni is scheduled to visit Geneva on July 08, 2013 where a mechanism on how to improve workplace safety in Bangladesh will be discussed. He said buyers and ILO representatives will attend the programme.
The Ambassador said over 60 European buyers have signed an accord under which the companies will draw funds for improving workplace safety in Bangladesh.
He said the EU will not take any step which will create negative impact on the Bangladesh economy.
Bangladesh benefits from the most preferential trade arrangement granted unilaterally by the EU to LDCs, known as the "Everything but Arms" (EBA) scheme.
The EBA maintains the Generalised System of Preferences (GSP) for an unlimited period of time, so that it is not subject to periodic renewal as is the case for some other countries.
Bangladesh now enjoys a significant trade surplus with the EU, with exports over US$ 10 billion in 2012. More than half of Bangladesh's total exports go to the EU (54 per cent).
The European Union is among the three biggest donors of grant finance to Bangladesh, estimated at 500 million in 2011. The EC is (after the UK) the second largest EU donor to Bangladesh, with 403 million allocated under the Country Strategy Paper (CSP) for 2007-13, according to a statement available at EU website..
The CSP sets out the following priorities for assistance: health, education, good governance and human rights, economic and trade development, disaster management and food security.
The EU is broadly supportive of the government's reform agenda, and emphasises the need for it to deliver its promises and to ensure compliance with Bangladesh's human rights obligations.
source: EU won't follow US GSP action :: Financial Express :: Financial Newspaper of Bangladesh
@Dillinger
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