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Bangladesh will continue to enjoy GSP on trade till 2027: British High Commissioner


According to Robert Chatterton DicksoBritish high commissioner in Dhaka, Bangladesh would continue to enjoy the generalized system of preferences (GSP) on trade until 2027, i.e., till three years after it graduates from the least developed country (LDC) status. The two countries will find out a mechanism to maintain a trade regime beneficial for both after 2027.

Speaking on the outcome of the first-ever UK-Bangladesh Trade and Investment Dialogue held in Dhaka recently, Dickso said, the GSP includes quota-free and duty-free market access to the United Kingdom for all products other than arms and ammunition.

According to him, UK is the third largest export destination of Bangladesh and the country maintains a positive trade balance with the UK.

The major exportable items include readymade garments, frozen food, IT engineering, leather and jute goods and bicycle.