Prime minister’s foreign affairs adviser Gauhar Rizvi said on Monday the Generalized System of Preferences, popularly known as GSP, was not reinstated due to the failure on the part of Bangladesh to meet conditions set by the US.
The Bangladesh Institute of International Strategic Studies and the Bangladesh Enterprise Institute jointly organized the seminar.
Gauhar said, “We have to fulfil the promises we gave for the development of the labour market. Only then we would be able to get back the GSP facility.”
He observed that lack of good governance and procedural delay are the reasons behind the fall in foreign investment in Bangladesh.
-Prothom Alo