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Bangladesh to enjoy GSP benefits till 2027


Bangladesh will to continue to enjoy the generalized system of preferences (GSP) on trade until 2027, according to British high commissioner in Dhaka Robert Chatterton Dickso. The two countries will find out a mechanism to maintain a trade regime beneficial for both after 2027.

The GSP includes quota-free and duty-free market access to the United Kingdom for all products other than arms and ammunition.

The UK is the third largest export destination of Bangladesh and the country maintains a positive trade balance with the UK.

The major exportable items include readymade garments, frozen food, IT engineering, leather and jute goods and bicycle.