Despite graduating from LDC category, Bangladesh hopes to get the GSP+ privilege.

TapanKantiGhosh, Commerce Secretary said, Germany will continue to give GSP+ privilege to Bangladesh as it moves out of the LDC status in 2026.Ghosh was addressing a ‘Corporate Due Diligence Obligations for the Prevention of Human Rights Violations in Supply Chain’ in Dhaka by the Bangladesh Employers’ Federation (BEF) and Metropolitan Chamber of Commerce and Industry (MCCI).

The German Act will not be directly applicable to Bangladesh, it would become a factor to address when its components were incorporated in the GSP+ incentive, he added.

Germany recently enacted an act on corporate due diligence obligations in supply chains even if the act will come into effect in 2023.