Recent News

Is BGMEA Firewall against FDI in RMG sector losing heat?

The government of Bangladesh has reached a consensus with the country’s Ready-made Garments (RMG) industry associations to allow Foreign Direct Investment (FDI) outside the export-processing zones (EPZs) under certain conditions. The final and decisive blow for such agreement may have come from Japan, which, during it’s Prime Minister Shinzo Abe’s 21-hour visit to Bangladesh on the […]

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RMG shipments to new markets drop

Bangladesh’s apparel exports to some potential non-traditional markets declined during the first quarter of the current fiscal year, thereby undermining the move to diversify the country’s export base, sources said. Exports to Turkey and Mexico marked drastic drop by 37.54 per cent and 17.69 per cent respectively while to Japan fell by 0.44 per cent. […]

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Bangladesh’s advantage in RMG cannot be taken for granted

The advantage enjoyed by Bangladesh in readymade garment (RMG) sector cannot be taken for granted, and the country’s competitiveness in the apparel export market may erode in the long run if working conditions do not improve, says the World Bank in its Bangladesh Development Update October 2014. In the immediate future, stronger attention is needed […]

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EU for urgent formulation of rules to execute labour law

The European Union (EU) Monday pressed for urgent formulation of necessary rules for implementation of the labour law, especially to safeguard labour rights and standards. The call came from a meeting on ‘Bangladesh Sustainability Compact’, held in Brussels, one year after signing the agreement to review the progress made in the country’s ready-made garment (RMG) […]

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Bangladesh Factory Checks Reveal More Than 80,000 Safety Issues

The two groups of western retailers – Accord and Alliance – have completed their initial inspection of fire, electrical and structural safety of nearly 1,700 garment factories in Bangladesh, identifying flaws in most of the units. Accord, the European Union (EU) based group with 189 members including H&M and Inditex, Tuesday said it had found […]

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VF IFC team up to lend $10m for apparel sector

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Programme offers financing for fire and building safety improvements VF Corporation (NYSE: VFC) today announced a collaboration with the International Finance Corporation (IFC), a member of the World Bank Group, to provide up to $10 million in financing for building upgrades and fire and safety improvements in vendor factories in Bangladesh. These funds are part of VF’s overall US$17 million commitment to the health and safety of Bangladeshi […]

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Korean Export Processing Zone at serious risk

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Instead of handing over the Korean Export Processing Zone (KEPZ) to the investor, the government of Bangladesh plans to take back […]

Dhaka needs to remove its rocky anti-FDI atmosphere

Korean Ambassador to Bangladesh Lee Yun-young

Korean Ambassador to Bangladesh Mr. Lee Yun-young has said Bangladesh should come out from protectionism and open up its market […]

‘Welfare Associations’ to negotiate for rights at Bangladesh EPZ

The Government of Bangladesh today approved, in principle, draft of a labour law for Export Processing Zones (EPZ) with the provision […]

Return of GSP seems far off – a lot more must be done

Bangladesh’s progress in implementation of the National Tripartite Plan of Action on Fire Safety and Structural Integrity (the Action Plan) which provides a […]

Bangladesh halts shutdown of “unsafe” factories

The Bangladeshi government is refusing to shut down garment factories declared unsafe, following a row with independent inspectors over the […]

Yawning gap between pledges and delivery to Rana Plaza victims

Many Rana Plaza victims are yet to receive the promised compensation from the government and retailers, nine months after the […]