Even as Bangladesh is inching closer towards graduating to a developing country from an LDC, there are apprehensions that it would be difficult for the country (Bangladesh) to comply with some of the provisions of the proposed GSP scheme of the European Union (EU) which might prove counterproductive to Bangladesh apparel and textile products.
As per reports, experts and exporters have expressed apprehensions in this regard even as they called upon the Government to work with the EU to remove the provisions from the proposed scheme.
“… the provisions set out in the newly proposed GSP provisions, it seems that Bangladesh is now likely to qualify for GSP Plus after its LDC graduation but the specified EU “safeguards” would exclude the country’s clothing exports from any tariff preferences,” reportedly, maintained Abdur Razzaque, Director of Policy Research Institute of Bangladesh even as he, reportedly, maintained that in the newly proposed EU GSP, the EU had removed the import share criterion for accessing GSP Plus, which he felt, would not allow Bangladesh to benefit from GSP Plus.
Bharat Tex Special Report 2026 
