US Ambassador in Dhaka Marcia Bernicat has renewed US position saying the restoration of GSP benefit for Bangladesh will depend on the progress to be made under the US-prescribed GSP (Generalised System of Preferences) Action Plan, reports UNB. "Restoration of GSP will depend on the progress your government makes under the GSP Action Plan," she said reminding the 16 points of the Action Plan when a questioner asked about the fate of Bangladesh regarding the restoration of tariff benefit that remained suspended for long.
The US diplomat was chatting with Facebook followers yesterday as she marked one-year anniversary as US Ambassador in Dhaka on January 25. She mostly talked about the RMG sector in light of the recent meeting on the Sustainability Compact implementation.
Earlier on February 3, Commerce Minister Tofail Ahmed in Parliament said the Trade and Investment Cooperation Framework Agreement (Ticfa) will not be effective until Bangladesh gets back GSP benefit in the US market.
   Responding to another question, Bernicat said she visited factories that have fully remediated and applauded them for their leadership in this effort.  "Far too many, however, lag behind, as the recent fire at the Matrix Sweater Factory demonstrates."