Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Sunday, May 20, 2018 05:49:25 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

BD drops GSP issue

Briefs US over economic strength

Share your thought
Post a comment »
Read all () »

UNB, Dhaka :
Bangladesh has not raised the much-talked-about GSP issue in the Ticfa meeting with the United States on Wednesday but depicted a 'bright and prospective' economic picture that Bangladesh will have over the next 10-20 years.
"It's a new and dynamic Bangladesh what you (US) are seeing today. This Bangladesh belongs to the new generation and this Bangladesh will be more dynamic day by day," Foreign Secretary M Shahidul Haque told reporters apparently showing Bangladesh's strength in various areas.
He said, the countries which are walking together with Bangladesh today will be able to say in the future that they were with Bangladesh in its journey towards development without opposing Bangladesh.
In June 2013, the then Obama Administration suspended the eligibility of Bangladesh for tariff benefits under the Generalized System of Preferences (GSP) programme which is designed to promote economic growth in the developing world by providing preferential duty-free entry.
Commerce Secretary (in charge) Shubhashish Bose who led Bangladesh side in the of Trade and Investment Cooperation Forum Agreement (Ticfa) meeting, Labour Secretary Mikail Shipar, US Ambassador in Dhaka Marcia Bernicat also spoke at the joint press conference at State guesthouse Padma.
The Foreign Secretary said Bangladesh side wanted to know the trade policy of the new US Administration and how those policies will have influence on Bangladesh's trade.
The US side updated Bangladesh with the trade policies assuring that the US will not deviate from its open trade policy, he said.
The Foreign Secretary also said Bangladesh wanted to know what steps are being taken by the US in implementing the WTO decisions on trade issues.
Shubhashish Bose said Bangladesh demanded fair prices for Bangladeshi products in the US market and easing further duty-free access of its products and services to the US market.
He said Bangladesh also sought support on technology transfer, digital economy and increased investment in various areas.
Asked about the significance of Ticfa if GSP issue is not discussed, US Ambassador Marcia Bernicat said, "If you think Ticfa is only producing specific results, you're missing the point of Ticfa."
The US envoy said they talked about ways to expand trade and investment between the two countries as their aim is to reduce the trade deficit. The US side sought 'non-discriminatory and transparent' tendering process in any bidding while Bangladesh said the entire process is transparent.
The US side also talked about a level-playing field for doing business and making investment here smoother.
The Labour Secretary briefed the US side the progress made so far and described the steps being taken to address US' areas on concern.
Assistant US Trade Representative for South and Central Asian Affairs Mark Linscott led the 13-member US side comprising US Ambassador Marcia Bernicat.
This was the first such bilateral meeting after the Trump Administration assumed office.
The third Ticfa meeting was originally scheduled for December 13, 2016 but was apparently delayed for recently held elections in the US.
The first Ticfa meeting was held in Dhaka in April 2014 and the second annual meeting in Washington, DC.

Add Rate

News Archive

Inside The New Nation

Sports »

Toronto FC forward Jordan Hamilton (22) and Orlando City defender Mohamed El-Munir (13) chase the bouncing ball during the first half of an MLS soccer match in Toronto on Friday.

Sports »

Jordan Spieth watches his tee shot on the first hole during the second round of the AT&T Byron Nelson golf tournament at Trinity Forest Golf Club in Dallas on Friday.

Entertainment »

Raazi`s first week collections become the 5th highest of 2018

Raazi has been sailing smoothly on its journey towards the prestigious Rs 100 crore club and it will be no shocker if the film grosses over it. The cast and crew of the film recently held an event to celebrate the success of the film with the media as well ...

Entertainment »

Kareena says she'll never be on social media

Shashanka Gosh's Veere Di Wedding is all set to bring the gorgeous Kareena Kapoor Khan back to the big screen after a gap of two years. The actress took a break after giving birth to Bollywood's most popular toddler Taimur Ali Khan. Kareena will be seen alongside Sonam Kapoor, Swara ...

City »

BNP Standing Committee Member Dr Khondkar Mosharraf Hossain speaking at a discussion on 'Acceptable Election and Role of the Present Election Commission' organised by 'Nagorik Adhikar Andolon Forum' at the Jatiya Press Club on Saturday.

Editorial »

Myanmar will take back their people: We are unconcerned about the terrorists

AS the monsoon threatens the Rohingya refugees with the outbreak of vector-borne epidemics and diarrhoeal diseases, the repatriation process seems to be getting more and more complex. However, Bangladeshi officials at a meeting in Dhaka on Thursday urged Myanmar to hand over a 'specific list' of members of Arakan Rohingya ...

International »

White House pushes ahead with Mideast peace plan

AP, Washington  :The Trump administration is aiming to roll out its much-hyped but long-delayed Middle East peace plan next month amid signs it may further alienate the Palestinians by slashing millions of dollars in funding for humanitarian and development projects in the West Bank and Gaza.Five U.S. officials and a ...

Editorial »

Don`t ignore the UNHRC`s report : Be respectful to human rights and be with the people

THE UN Human Rights Council (HRC) has adopted a draft report on the human rights review of Bangladesh, with recommendations on taking steps to deter forced disappearances, extra judicial killings, and to ensure freedom of expression in media, politics and religion. During the 30th Session of the Universal Periodic Review ...

Football »

Richet Gomez of Bolivia's The Strongest (left) fights for the ball with Guzman Pereira of Uruguay's Penarol during a Copa Libertadores soccer game in Montevideo, Uruguay on Thursday.


City »

Muslim devotees offering munajat seeking divine blessings at the first Jum'a in Ramzan. The snap was taken from the city's Baitul Mukarram National Mosque.


Entertainment »

Sonia round the month of Ramzan

Sheikh Arif Bulbon :On the occasion of holy Ramzan, different TV channels are being aired various programmes to focus on the month. From day one of Ramzan popular TV actress, model and host Sonia Hossain has been hosting a daily show titled Lux Style File on Banglavision at 6:45pm. A ...

International »

Kachin civilians flee Myanmar`s `forgotten war`

AFP, Danai :Seng Moon grabbed her day-old baby and fled into the thick jungle, joining thousands of villagers escaping fighting between ethnic Kachin rebels and Myanmar's army, now reinforced by a unit notorious for its brutal "clearance" operations.The insurgency in Myanmar's remote northeast has festered for six decades, but unlike ...

Back Page »

Welcome Holy Ramzan

Abdul Muqit Chowdhury :The Holy month of Ramzan, the ninth month of lunar Arabic calendar, has arrived in our midst. The sighting of the crescent moon has brought with it the fragrance of the golden period of Rahmat (blessings), Maghfirat (forgiveness) and Nazat (salvation). A solemn occasion of complete surrender ...

Editorial »

Bangladesh supports Palestinian's legislative demand

NEWS media reported that Bangladesh is going to attend an extraordinary summit of the Organisation of the Islamic Conference (OIC) in Istanbul on Friday, which will discuss a response to the recent opening of the new US embassy in Jerusalem. The OIC has termed the US move a "clear violation" ...

Cricket »

Disgraced Warner to play Sydney club cricket

Disgraced former Australian vice-captain David Warner will start his road to redemption by playing club cricket with Sydney's Randwick Petersham, officials said. The opener is serving a year-long ban from state and international cricket for his part in a plan to use sandpaper to tamper with the ball during the ...

Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Write a comment to this news