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href="https://rmg-study.cpd.org.bd/"><span class="tieicon-home" aria-hidden="true"></span> Home</a> <span class="delimiter">/</span> <a href="https://rmg-study.cpd.org.bd/category/featured-post/">Featured Post</a> <span class="delimiter">/</span> <span class="current">BGMEA moves to revive US GSP</span></div><script type="application/ld+json">{"@context":"http:\/\/schema.org","@type":"BreadcrumbList","@id":"#Breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"item":{"name":"Home","@id":"https:\/\/rmg-study.cpd.org.bd\/"}},{"@type":"ListItem","position":2,"item":{"name":"Featured Post","@id":"https:\/\/rmg-study.cpd.org.bd\/category\/featured-post\/"}}]}</script> <article id="the-post" class="post-listing post-5122 post type-post status-publish format-standard has-post-thumbnail hentry category-featured-post category-rmg-news-in-the-media"> <div class="post-inner"> <h1 class="name post-title entry-title" itemprop="itemReviewed" itemscope itemtype="http://schema.org/Thing"><span itemprop="name">BGMEA moves to revive US GSP</span></h1> <p class="post-meta"> <span class="tie-date">March 13, 2022</span> <span class="post-comments"><a href="https://rmg-study.cpd.org.bd/bgmea-moves-to-revive-us-gsp/#respond">0</a></span> <span class="post-views">1,787 Views</span> </p> <div class="clear"></div> <div class="entry"> <p><em>Originally posted in <a href="https://www.thedailystar.net/business/organisation-news/news/bgmea-moves-revive-us-gsp-2981636">The Daily Star</a> on 13 March 2022</em></p> <p>The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has signed a memorandum of understanding (MoU) with the American Apparel and Footwear Association (AAFA) to reinstate GSP status in the American market for local merchandise.</p> <p>AAFA President and CEO Steve Lamar and BGMEA President Faruque Hassan signed the MoU between the two organisations in Washington, DC during the annual AAFA Executive Summit on March 10.</p> <div class="mb-20 mr-20 hide-for-print dfp-tag-wrapper text-center "> <h4>The two groups will explore opportunities and work together to increase trade access for Bangladesh to the US market, improve purchasing practices, build on the work already done by Bangladeshi industries on sustainability, and expand the strong partnership between the US and Bangladeshi industries.</h4> </div> <p>“Together, we aim to unlock the potential of Bangladesh’s garment sector by enhancing competitiveness through building capacities, embracing innovation and technology, and facilitating trade access to the US market,” Hassan said in a statement yesterday.</p> <div class="mb-20 mr-20 hide-for-print dfp-tag-wrapper text-center "> <div class="rsi-dfp-loader processed" data-slot-id="news_details_after_2nd_paragraph_622db9841e3f6" data-adunit="/34728570/News_Details_After_2nd_Paragraph_ad" data-size="[300, 250]" data-targeting="{"type":"news","nid":"2981636","category":["Industries","Economy","Business"],"Category":["type-node","node-2981636","Industries","Economy","Business"]}"> <div id="news_details_after_2nd_paragraph_622db9841e3f6" data-google-query-id="CNSdgrbjwvYCFdPccwEdg9INiQ"> <div id="google_ads_iframe_/34728570/News_Details_After_2nd_Paragraph_ad_0__container__">“We also aim to develop joint programmes that train workers and mid to top management, explore new corporate social responsibility (CSR) initiatives to support the well-being of the workers and communities, and more,” he added.</div> </div> </div> </div> <p>AAFA’s comprehensive work ensures the continued success and growth of the global apparel and footwear industry, its suppliers, and customers.</p> <p>“With this in mind, agreements with strategic partners around the world help reduce trade barriers, encourage sharing of Environment and Social Governance (ESG) best practices, and promote innovation on behalf of our members,” said AAFA President Lamar.</p> <div class="mb-20 mr-20 hide-for-print dfp-tag-wrapper text-center "> <div class="rsi-dfp-loader processed" data-slot-id="news_details_middle_leaderboard_new_622db9841e664" data-adunit="/34728570/news_details_middle_leaderboard_new" data-size="[300, 250]" data-targeting="{"type":"news","nid":"2981636","category":["Industries","Economy","Business"],"Category":["type-node","node-2981636","Industries","Economy","Business"]}"> <div id="news_details_middle_leaderboard_new_622db9841e664" data-google-query-id="CLfugbbjwvYCFToltwAd9lgCbQ"> <div id="google_ads_iframe_/34728570/news_details_middle_leaderboard_new_0__container__">“Today’s collaboration marks increased capacity building to support joint practices and training to advance supply chain sustainability, expand trade opportunities, and improve the buyer-supplier partnership,” he added.</div> </div> </div> </div> <p>As per the understanding, the AAFA will support Bangladesh in promoting its trade interests in the US market, especially advocating the withdrawal of GSP suspension to recognise the progress made in the local industry in areas of workplace safety, worker well-being and environmental sustainability.</p> <p>The AAFA, a trusted public policy and political voice of the apparel and footwear industry, will also work closely with the BGMEA to advocate improved trade preferences and programmes between the US and Bangladesh.</p> <p>The AAFA, which represents more than 1,000 world famous brands, retailers, and manufacturers, along with the BGMEA will try to improve the partnership between buyers and suppliers through responsible purchasing practices.</p> <p>They will also work collaboratively on capacity building to cut time and cost to make the supply chain more sustainable via developing joint programmes to train workers and mid to top management, and a special collaboration with the BGMEA Center of Innovation.</p> <p>The two associations will inspire buyer-supplier collaboration to upscale product development and innovation capability to explore untapped segments of the export market via joint research, coaching programmes, sharing of knowledge and information like fashion trend analysis and forecasting, matchmaking events and media campaigns.</p> <p>They will also work on creating joint scoping missions to explore bilateral investment opportunities, particularly in backward linkage textile industries in Bangladesh, especially in the non-cotton segment.</p> <p>The AAFA and BGMEA will collaborate to deepen discussions towards a unified code of conduct, or unified approach, for social and environmental audits in manufacturing facilities via setting up of a joint committee with clear terms of engagement.</p> <p>Earlier, the US government suspended the GSP status for Bangladesh on June 27, 2013, citing the bad working environment in the garment factories and poor labour rights.</p> <p>However, with the recommendations of the American government, Bangladesh improved the workplace safety, amended labour laws and submitted progress reports to the United States Trade Representative for reinstating GSP status twice.</p> <p>However, it has not been reinstated by the American government yet.</p> </div> <span style="display:none" class="updated">2022-03-13</span> <div style="display:none" class="vcard author" itemprop="author" itemscope itemtype="http://schema.org/Person"><strong class="fn" itemprop="name"><a href="https://rmg-study.cpd.org.bd/author/tamim/" title="Posts by tamim" rel="author">tamim</a></strong></div> <div class="share-post"> <script> window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); 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