UK to proceed with GSP advantages for Bangladesh until 2027

Bangladesh would proceed to benefit from the generalised system of preferences (GSP) on commerce till 2027, i.e., until three years after it graduates from the least developed nation (LDC) standing, in response to British excessive commissioner in Dhaka Robert Chatterton Dickso, who lately stated the 2 international locations will discover out a mechanism to take care of a commerce regime useful for each after 2027.

Dickso was chatting with journalists at his residence on the result of the first-ever UK-Bangladesh Commerce and Funding Dialogue held in Dhaka lately, in response to Bangla media reviews.

The GSP contains quota-free and duty-free market entry to the UK for all merchandise aside from arms and ammunition.

The UK is the third largest export vacation spot of Bangladesh and the nation maintains a optimistic commerce steadiness with the UK.

The foremost exportable objects embrace readymade clothes, frozen meals, IT engineering, leather-based and jute items and bicycle.

Bangladesh would proceed to benefit from the generalised system of preferences on commerce till 2027, i.e., until three years after it graduates from the least developed nation standing, in response to British excessive commissioner in Dhaka Robert Chatterton Dickso, who stated the 2 sides will discover out a mechanism to take care of a commerce regime useful for each after 2027.