Bangladesh seeks GSP support from Germany to face post-LDC challenges

07 Jan '22

1 min read

Pic: Tero Vesalainen | Dreamstime.com

Bangladesh commerce minister Tipu Munshi recently sought generalised scheme of preferences (GSP) support from Germany for his country to face the challenges after it graduates from the least developed country (LDC) status in 2026. He also urged the latter to raise mutual understanding between the two countries over trade and business issues.

Munsi said this while meeting German ambassador to Bangladesh Achim Tröster in Dhaka.

Requesting Germany to allow access to more Bangladeshi products to its market, Munshi said since environment-friendly green factories have been set up and other necessary compliances are being followed in the country, production cost of goods had risen.

He expected Germany to extend cooperation in offering fair prices of readymade garments from Bangladesh, according to Bangladeshi media reports.

He called on German entrepreneurs to invest in 100 economic zones and 33 hi-tech parks in his country.

ALCHEMPro News Desk (DS)

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