Us Suspended Trade Preferences For Bangladesh For A Long Time

P sanctions do not directly affect Bangladesh's exports to the United States, < /p >

President Obama recently suspended U.S. trade preferences for Bangladesh for a long time. The reason is that Bangladesh's a target= "_blank" href= "http://www.91se91.com/" > clothing < /a > dangerous working conditions led to the loss of more than 1200 lives, and the United States made a symbolic response to it.

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"P," Obama said in a statement, "I have decided to suspend trading preferences for Bangladesh because Bangladesh has not taken measures to bear the internationally recognized labour power of workers in Bangladesh garment factories."

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P sanctions do not directly affect Bangladesh's exports to the United States for billions of dollars. After the collapse of the Rana square garment factory in April, 1129 people died and 112 people died in the Tazreen factory fire in November, Bangladesh's clothing exports were examined in detail.

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< p > however, the actions of the United States may affect similar actions taken by the European Union, which will have a greater impact on Bangladesh and the clothing industry.

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< p > "this is not an arbitrary decision," the new US trade representative Michael Frohman (Michael Froman) told the media.

"Our goal is, of course, not only to see Bangladesh restore its trade preferences, but also to see Bangladesh's working environment safe and appropriate," he said.

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Richard Trumka Richard Trumka, President of the P AFL-CIO, said the decision sends an important message to those countries that receive the GSP (GSP) tax-free access to the US market.

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"For countries that tolerate dangerous or even fatal work conditions and reject workers' basic rights, especially the right to freedom of association, they may lose preferential access to the US market," P said.

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< p > this has also prompted us companies to inform them that meaningful steps must be taken to improve the working environment of factory workers in Bangladesh. Robert Menendez Menendez, chairman of the Senate Foreign Relations Committee of New Jersey, said in a statement: "if Bangladesh clothing is produced by workers' blood, no one would like to wear such a a target=" _blank "href=" http://www.91se91.com/ "> clothes > /a > Robert.

It is time for us industry to show its leadership role, and at the same time join hands with European peers in global safety standards. "

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Pause scheme in Bangladesh will increase the tariffs of the US on Bangladesh's exports to the United States, such as tobacco, sports equipment, Chinese porcelain, plastic products and a small number of < a target= "_blank" href= "http://www.91se91.com/" > textile "/a" products. P

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< p > but this will not directly affect Bangladesh's major clothing exports, because clothing is not eligible for GSP tax cuts. The GSP started in 1976 to help the world's poorest countries develop their economy and reduce the cost of imports of US companies.

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In 2012, Bangladesh exported approximately US $35 million of products to the United States under the GSP, exempting US $2 million from US tax, but clothing exports were not in the GSP. Bangladesh exported US $4 billion 900 million of clothing to the United States to pay about US $732 million in US tariffs. P

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< p > because Bangladesh's clothing and textile exports enjoy duty-free concessions, the European Union's decision to suspend trade preferences will have a greater impact on Bangladesh's clothing and textile exports. The EU's situation is completely contrary to that of the United States, and the US tariff is about 15%.

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EU officials raised the possibility of a moratorium in early May, hoping to urge Bangladesh to act in P.

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According to the data from the European Commission's EU executive branch, the EU imported about 9 billion 200 million euros of Bangladesh goods last year, P.

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Less than P, nearly 93% of these commodities are clothing and textile products, from towels to bedding.

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The EU and Bangladesh officials will hold talks in Geneva in July to discuss the improvement of the conditions of production safety in Bangladesh and the protection of trade interests in Bangladesh. < p >

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EU spokesman P said in Brussels that US action has raised the EU's concern.

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