Despite having huge potential in home textile, Bangladesh is unable to expand its market share in the European Union because of duty benefits extended to Pakistan, a cotton grower.
Bangladesh, on the other hand, is a 100 percent cotton importer.
In December 2013, the 28-nation bloc granted Pakistan the GSP Plus status for four years. The GSP Plus status allows 20 percent of Pakistani exports, including home textile, to enter the EU at zero duty and 70 percent at preferential rates.
“Bangladesh has been competing with Pakistan in the same market in the same product category, so it is difficult to perform better,” …read more
Source: The Bangladesh Chronicle
