Firefox Moves from Sri Lanka to Bangladesh
COLOMBO, Sri Lanka - Firefox in Sri Lanka is setting-up a new plant in Bangladesh. This comes after Sri Lanka lost its GSP+ (import) duty free access to the EU market in August 2010. Also, the EU is currently conducting an anti-circumvention investigation into imports of bicycles from Sri Lanka, Malaysia, Indonesia, and Tunisia. Meanwhile, Bangladesh retains its 0% import duty and remains attractive for investors targeting the EU market.