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Bangladesh loses US trade benefits
Asia Times ^ | 06/28/2013 | Jim Lobe

Posted on 06/30/2013 6:31:01 PM PDT by TexGrill

WASHINGTON - US President Barack Obama on Thursday suspended trade benefits for Bangladeshi exports under the Generalized System of Preferences (GSP), citing the country's alleged failure to respect international labor rights. The move came two months after the collapse of a building, the Rana Plaza, in Dhaka that killed more than 1,200 textile and garment workers.

The disaster, which followed a fire last November that killed 112 workers at the Tazreen garment factor, drew unprecedented attention to labor conditions in Bangladesh's fast-growing apparel industry and to the major Western retailers that are its chief customers.

"I have determined that it is appropriate to suspend Bangladesh's designation as a beneficiary developing country under the GSP program because it is not taking steps to afford internationally

recognized worker rights to workers in the country," Obama, who is on a tour of Africa, said in a statement issued by the White House.

"The recent tragedies that needlessly took the lives of over 1,200 Bangladeshi garment factory workers have served to highlight some of the serious shortcomings in worker rights and workplace safety standards in Bangladesh," said US Trade Representative (USTR) Michael Froman after the White House announcement.

He noted that Washington would begin "new discussions with the government of Bangladesh regarding steps to improve the worker rights environment in Bangladesh so that GSP benefits can be restored and tragedies like the Rana Plaza building collapse and Tazreen Fashion factory fire can be prevented".

(Excerpt) Read more at ...

TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; News/Current Events
KEYWORDS: bangladesheconomy
Global business tip
1 posted on 06/30/2013 6:31:02 PM PDT by TexGrill
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To: TexGrill

Zer0 don’t like him no East Pohkistanis

2 posted on 06/30/2013 7:53:30 PM PDT by Roccus
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To: Roccus

Well, how DARE they assert their independence from the wholly dysfunctional and exploitative government of Pakistan?

3 posted on 06/30/2013 11:02:20 PM PDT by Don W (Know what you WANT. Know what you NEED. Know the DIFFERENCE!)
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