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Private business team urges US to continue GSP

  • Published at 05:35 am June 16th, 2013
Private business team urges US to continue GSP

A business delegation from Bangladesh has urged the US authorities to continue providing the Generalised System of Preferences (GSP) facilities to Bangladesh, and open an office of US Commercial Service in Dhaka to enhance bilateral trade and business relationship between the two countries.

The delegation of International Business Forum of Bangladesh (IBFB) also invited US entrepreneurs to invest in emerging sectors such as shipbuilding and agriculture.

The 10-member delegation, led by founding president of the Forum Mahmudul Islam Chowdhury, is now on a three-week visit to USA since May 30 to explore business opportunities and enhance trade relationship, said a statement issued here on Saturday.

They addressed the country’s business and economic issues at different meetings and seminars with different chambers and business forums, including relevant departments of the Federal Government in the USA.

At a meeting with the US Department of Commerce, Mahmudul Islam Chowdhury highlighted the importance and different aspects of Bangladesh market and economy such as inexpensive labour cost and huge market size, which could be a catalyst for the business and economy of USA.

He emphasised on having an independent Commerce Centre at Dhaka and on importing skilled and technically expert professional human resources from Bangladesh, and demanded to continue GSP facilities for the apparel sector of Bangladesh.

The delegation briefed the US side about the recent emerging business sectors such as shipbuilding and invited them to inform and encourage US ship importers to import ships from Bangladesh.

The US side pointed out, after a long period of time, they received such a private delegation from Bangladesh and they appreciated the efforts of IBFB.