Dhaka to ask US to restore GSP facility: Muhith

Finance Minister AMA Muhith today said Bangladesh would ask the United States to restore Generalised System of Preference (GSP) facilities, stalled since 2013, as Donald Trump is set to be installed as the new US President.

"We are working for getting the GSP back in the US market," he told journalists emerging from a meeting of the Cabinet Committee on Economic Affairs cabinet division as asked if Dhaka planned to take fresh initiatives to get the facility restored.

Muhith added: "We will provide the new US administration all sorts of information on labour standard, safety and working environment in the apparel factories".

Responding to another question, he said Bangladeshi immigrants in the US were unlikely to face any kind of problem for winning Donald Trump as a President.

"America is a country of immigrants. There were many abortive efforts to reduce immigrants. Immigrants will not face any problems this time as well," he said.

He also negated speculations whether US investment in Bangladesh would face any setback after the dramatic US elections and rather expressed the hope that the investment will also be expanded further.

The finance minister also congratulated Trump on his election as the 45th US President and expected Dhaka-Washington ties to be deepened further in the coming days.

Republican candidate Donald Trump defeated Democratic Party rival Hillary Clinton to become the 45th US President for next four years.