With the European Union decided against extending the EBA tenure beyond 2029, Bangladesh now needs to ensure compliance with GSP+ conditions for duty-free access to the apparel market

 However, the latest draft GSP policy pose a potential risk to Bangladesh's competitiveness in the EU market as it increases the cost of Bangladeshi apparel for EU consumers.

Acknowledging the gravity of the situation, Charles Whiteley, the EU's Ambassador to Bangladesh, emphasises on the importance of ensuring that Bangladesh's efforts to meet GSP+ conditions do not go in vain due to technicalities. 

Heavily dependent on the EU market, Bangladesh exports most of its apparel products to the countries in the Union. The EU continues to deny EBA extension to Bangladesh despite the country’s  impending graduation from Least Developed Country status in 2026 and the subsequent end of EBA privileges in 2029. Whiteley urges the country to focus on meeting GSP conditions rather than seeking further extensions to EBA.

Whiteley emphasizes the importance of inclusive dialogue and partnerships in addressing labor issues, highlighting ongoing discussions and the tripartite mechanism involving the government, trade unions, and businesses.

Looking ahead, Whiteley stresses the need for adherence to timelines outlined in the National Action Plan on labor issues, with upcoming dialogues in May providing an opportunity to assess progress and engage with key ministries.