EU sees all possibilities for Bangladesh to move to GSP Plus scheme
The European Union sees all possibilities for Bangladesh to move to GSP Plus scheme from Everything But Arms (EBA) scheme, in terms of exporting Bangladeshi products to the EU. Gunner Wiegand, managing director for the Asia and the Pacific region of the European External Action Service (EEAS) at the European Union headquarters in Brussels, said this at a reception organised by the Bangladesh embassy in Belgium marking the 51st Independence Day. He said as a steadfast partner of Bangladesh, a dominant destination for Bangladesh's export, and a partner for diversifying such exports and investment, green transition, digital transition, the EU sees all the hard work which has gone into the development of Bangladesh. "This will also allow Bangladesh to move from the Everything But Arms (EBA) scheme to GSP+ (Plus) scheme," Gunner Wiegand said, according to a statement of Bangladesh embassy in Belgium. Bangladesh now enjoys duty-free facility under EBA scheme of the European Union market, but that will be phased out in 2026 when Bangladesh graduates the LDC status. Bangladesh can then be entitled to GSP Plus, which, however, requires certain conditions to be met. Gunner Wiegand highlighted that the EU is aware of the tremendous sacrifices of the Bangladeshis for independence. Since then, Bangladesh has come a long way to make significant social and economic progress, he said. Ambassador Jeroen Cooreman, Director General (Bilateral Affairs) from Belgian Public Federal Service Foreign Affairs, underlined that Belgium follows the positive economic development in Bangladesh with very keen interest.
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