BD wants fair prices for its products in EU market


Desk Report: Bangladesh has reiterated its demand for ensuring fair prices of its products in the European market, especially for RMG products in view of the expensive investment being made in “safer and greener” factories.

Bangladesh and the European Union (EU) held the 10th Joint Commission in Brussels on Friday and discussed a wide range of issues of common interest including trade and investment in a very constructive and open atmosphere. Meanwhile the first Bangladesh-EU political dialogue is going to be held in June this year.
In view of Bangladesh’s graduation from least developed country (LDC) status, Bangladesh and the EU agreed on the importance of establishing a predictable and sustainable business climate that will make it easier for trade and investment, removing market access barriers and promoting a sustainable diversification of its economy.

The EU commended Bangladesh for its continuing success as the largest beneficiary of the EU’s Everything But Arms (EBA) unilateral preferential trade arrangement.It was recalled that EBA preferences are conditional on the respect of human rights, including labour rights, as reflected in the international conventions listed in the GSP Regulation.
Garment export to the European Union and the UK, Bangladesh’s single largest export destination, rose 23.83 per cent year-on-year to $12 billion in the current fiscal year’s first half. The first EU-Bangladesh Political Dialogue will be held in Dhaka in June this year.