BANGLADESH: International Plastic Fair begins in Dhaka on 23 Jan. 2013

"The plastic industry of Bangladesh is enjoying duty-free access to the USA under the GSP facilities and its exports of plastic goods to the country have been increasing for the last few years," BPGMEA president Md Jashim Uddin said at a press conference on the 8th International Plastic Fair-2013 at the association's office in Dhaka.

If the USA withdraws the existing GSP facilities, it will put a negative impact on Bangladesh's exports to other destinations too, he said.

"So, the government and the leading trade bodies should take proper initiatives to ensure continuation of the GSP facilities in the USA," he said.

Around 80 per cent of total exports of the plastic products go to the European Union, the BPGMEA president said adding that the export of plastic goods to the European markets dropped in the first half of the current fiscal year due to the economic meltdown in the EU.

To maintain the export's growth of the industry, exports should be increased to the US market, Jashim said.

He said, "Around 5,000 small and heavy plastic industries are operating in Bangladesh and around 1.2 million people are working in the units."

The BPGMEA president said last year direct exports from the plastic sector were worth Tk 7 billion while indirect exports being worth Tk 25 billion and the growth is more than 20 per cent every year.

He said that the four-day 8th International Plastic Fair-2013, jointly organised by the BPGMEA and Chan Chao International Company Limited (CCICL) of Taiwan, would begin at the Bangabandhu International Conference Centre in Dhaka on 23 Jan. 2013.

Around 250 exhibitors from many countries including Bangladesh, Austria, China, United Arab Emirates, Italy, Japan, Malaysia, Singapore, Taiwan, Thailand, Turkey and Switzerland will take part in the fair to showcase a comprehensive range of industrial products, technologies and services through 350 booths.

Source: Daily "New Age", Dhaka; 22 Jan 2013

(Syed Rashid Ali, Karachi, Pakistan)