EU's new GSP proposal to put pressure on Bangladesh's woven apparel export: BGMEA
The new Generalised Scheme of Preferences (GSP) proposal of the European Commission is likely to put pressure on Bangladeshi woven apparel export as it focuses only on preference eligibility under the GSP+ scheme that demands enhancing local value addition. At present, Bangladesh ready-made garments industry depends on 60% imported woven fabric, and to reduce this dependency