Obama Administration to Consider Bangladesh GSP Reinstatement in June
The Obama administration will make a preliminary determination in June on the reinstatement of Bangladesh into the Generalized System of Preferences (GSP), the Office of the U.S. Trade Representative said on April 22. Although the Bangladeshi government is making gradual…
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improvement to labor conditions in the country, progress is still insufficient, according to administration officials in February (see 14021125). Bangladesh provides almost $5 billion worth of goods to the U.S. on an annual basis, largely in the apparel sector. Those goods are not eligible in GSP for any beneficiary. Roughly 99 percent of U.S. imports from Bangladesh do not reap GSP benefits (see 13071613). A series of labor disasters in Bangladesh that claimed upwards of 1,000 lives prompted USTR to rescind Bangladesh’s GSP eligibility in July 2013. The GSP program has been expired since July 31, 2013 (see 14032429).