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RAPID Chairman MA Razak said that the United Kingdom will continue to provide existing duty benefits to all LDCs until 2029 which will include a three-year transition period.
“It is still uncertain whether Bangladesh’s apparel exports will continue to receive duty-free market access in the European Union (EU) after the LDCs graduate, but under the UK Developed Countries Trade Scheme (DCTS), Bangladesh apparel exports will continue to receive duty-free market access.” will continue to do – free access in the UK”, he was quoted as saying by a media outlet in the country.
Bangladesh could increase its earnings from apparel exports to $11 billion by 2030 from $4.5 billion in the last fiscal year, according to a Dhaka-based non-developed country, graduating from the least developed country. Gain, which said non-RMG exports to the UK could reach $700 million to $1.3 billion by 2030.
He said non-RMG exports in the country could reach $1.3 billion by 2030 from $700 million at present.
Razzak was presenting the results of a study at a stakeholder consultation meeting titled ‘Expanding and Diversifying Exports to the UK Market’ in Dhaka.
Fibre2Fashion News Desk (DS)