Bangladesh Country profile
(Contd. from page 1...)
Successful in Post-Quota period
According to the recent report, the WTO praised Bangladeshi authorities for supporting the domestic apparel industry in the past years. Bangladesh was also offered a decisive support from EU's duty-free access, granted under the Everything But Arms (EBA) provision of its GSP program. The share in shipments to the European Union significantly rose when compared with exports to the United States. Apparel exports to the United States also rebounded after quotas were phased out. US imports from Bangladesh were up 16.68% in volume terms in the first seven months of the year after increasing by nearly 20% in 2005. Bangladesh clearly benefits from its "liberal, export-oriented and generous (in terms of incentives) investment regime," the WTO's report said. The WTO also praised a "high degree of transparency in customs tariffs," since almost all tariff rates are "ad valorem".
The knitwear industry was developed due to EU's preferential access while ready made garment makers were less successful as they were not allowed using EU's cumulation of origin.
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