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“Bangladesh will continue to benefit from GSP until 2027” – British High Commissioner

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According to British High Commissioner Robert Chatterton Dickso, Bangladesh will continuebd-uk-trade to benefit from a widely agreed generalized system of preferences (GSP) until 2027, i.e. up until three years after its LDC graduates. Both countries will find a trading system that will benefit both countries after 2027. Dickso elaborated on the results of the latest UK-Bangladesh Trade and Investment Dialog in Dhaka, saying that for all goods other than firearms and arms, the GSP gives quota and tariff-free market entry to the UK.

According to him, Great Britain is Bangladesh’s third-largest export destination and retains a strong trade balance with the United Kingdom. The principal export commodities are ready-made clothing, frozen fruit, IT technology, leather, jute and bicycle products.

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