BGMEA has called on the European Union to extend the transition period of GSP (EBA) from the current 3 years to 6 years in order to ensure a smoother graduation for Bangladesh.

Speaking at a seminar on “50 Years of EU-Bangladesh Partnership: Charting Ahead on A Legacy of Success” in Dhaka on March 14, Faruque Hassan, President BGMEA highlighted the challenges faced by Bangladesh after its graduation from the LDC category and stressed the importance of economic diplomacy and industry capacity development to overcome these challenges.

The seminar was attended by Dr. Mashiur Rahman, Economic Affairs Adviser to the Prime Minister, and Charles Whiteley, Ambassador and Head of Delegation, Delegation of the European Union to Bangladesh, among others. In his speech, Hassan emphasized the need to build the capacity of the industries and improve the overall efficiency of the country's trade logistics infrastructure, noting that the government is implementing several mega projects to address these issues.