Bangladesh's garment exporters will lose $4 billion if the duty-free trade benefit for the country comes to an end in the European Union following its graduation to a developing nation, according to a new study.

If the Standard Generalised System of Preferences (GSP) can be availed, the loss will be $3.2 billion, the study by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said.

The EU offers Standard GSP for low and lower-middle-income countries. This means a partial or full removal of customs duties on two-third of tariff lines.

https://www.thedailystar.net/business/news/garment-sector-lose-4b-eu-if-duty-free-benefit-ends-2007149