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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 part of the 2,492 acres of land allotted to the KEPZ 16 years ago. The country’s largest private export processing zone is in a web of land-related and legal tangles triggered mainly by the non-cooperation […]

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Is Bangladesh losing it’s pot of gold – the garment business – to Africa?

Bangladesh’s ready-made garments (RMG) exporters fear losing market share following a dip in sales in Western countries including the USA over the past three months. They expressed the fear at a views-exchange meeting with journalists in Dhaka on Monday. Former President of the Bangladesh Readymade Garments Manufacturers and Exporters Association (BGMEA) and one of the […]

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Board of Investment (BoI) will be replaced

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A new authority will replace the Board of Investment (BoI) and Privatisation Commission (PC) under a merger scheme, now underway at the official level. One of the main functions of the newly created authority will be to bring dynamism in wooing Foreign Direct Investment (FDI) to Bangladesh. Official sources confirmed on Monday that the name of […]

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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 for foreign investors through removing its anti-FDI (foreign direct investment) atmosphere. “As Bangladesh’s ‘enduring friend’, Korea wants to see more success stories through a stronger partnership with Bangladesh in the coming days overcoming all the […]

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‘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 to allow workers to form welfare organisations to bargain for their rights. The approval of the draft law was given at a regular meeting of cabinet held at Secretariat with Prime Minister in the chair. A special […]

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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 basis for the U.S.A. to consider the reinstatement of Generalised System of Preferences (GSP) trade benefits remains bellow expectation, according to an interagency review led by the Office of the U.S. Trade Representative (USTR). Economic impact […]

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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 strength of concrete used in the buildings, officials said on Tuesday. Inspectors hired by Western retailers have been checking the structural safety of factories in the wake of the collapse of the Rana Plaza complex […]

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EU calls for Substantial progress on labour issues in Bangladesh

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The European Union (EU) called for substantial progress on labour issues for Bangladesh’s continued Generalised System of Preferences (GSP) trade privileges. Currently Bangladesh enjoys the GSP facilities that provide quota and duty free access to the EU member states all items from Bangladesh but arms. “We’ve seen significant progress in these areas over the past months […]

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99 per cent of the sub-contracting factories did not pay the new wages

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The Bangladesh’s 1,200 sub-contracting readymade garment (RMG) factories are yet to implement the new wages even after publication of the official gazette with effective date of 1st December 2013. Sub-contracting factories are those which may or may not belong to the main factories but produce garments at a lower rate for the same global brands as […]

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EU remains concerned about work place safety: MEP

The European Union (EU) is still concerned over worker safety in the garment sector, despite measures taken to strengthen factory standards, according to the head of the visiting delegation of the European Parliament. A four-member delegation of the European Parliament arrived in Dhaka yesterday to assess the post-January 5 general election scenario, human rights situation and […]

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Korean Export Processing Zone at serious risk

korean-epz-01

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 […]