“Bangladesh will have to ensure human rights, rule of law, sound labour and environment standards and good governance to enjoy trade privileges in the German market in the days to come”, said German Ambassador to Bangladesh Achim Tröster.
He said by 2026, Bangladesh will be upgraded to a middle income country and is likely to experience several challenges including high tariffs in the EU markets.
However, Bangladeshi exporters may get trade privileges including GSP plus up to 2029 in Germany, provided Bangladeshi exporters ensure human rights, rule of law, sound labour and environment standards and good governance.
The envoy made the remarks while addressing the luncheon meeting of the Bangladesh- German Chamber of Commerce and Industry (BGCCI) at a city hotel on Wednesday.
Readymade garment exports to Germany stood at 5.95 billion US dollars in FY20-21 as against 6.97 billion earning from the USA market.
President of BGCCI M Maksud, Senior Vice President Mohammad Ershad Hussain and Treasurer Adnan Md Iqbal, among others, spoke on the occasion.
In regard to the ongoing unrest in the country, the envoy said the Bangladesh government should start constructive dialogue with stakeholders concerned to come out of the present crisis and restore peace and stability in the country.
