RMG was never part of the GSP Mehedi Hasan/Dhaka TribuneBangladesh being denied the GSP still makes no sense. This epitomizes the real-world challenge of preferential market access and leads us to question the fundamental pillars of such a scheme. Is it delivering sustainable economic growth it promised to the developing world? Generalized System of Preferences is a staple of the commercial relationship between the developing and the developed world. Obviously, labour laws in Bangladesh, or any other developing countries as a matter of fact, are in its infancy and need reform.

Source: Dhaka Tribune March 04, 2019 18:56 UTC