News in the Media

Garment accessories traders dread VAT law

Garment accessories

Published in the Daily Star on May 23, 2017 Businessmen in the export-oriented garment accessories sector are fearing a rise in production costs due to implementation of the proposed VAT law from July despite assurances to the contrary from the revenue authority. At present, all export-oriented sectors are out of the purview of value-added tax. The new law prescribes a ...

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Fund dearth hinders inspection of 1,000 small apparel units

Bangladesh's RMG industry

Published in the daily Star on 22, May 2017 The Department of Inspection for Factories and Establishments (DIFE) cannot start the inspection of nearly 1,000 small-sized garment factories for a lack of funds. Those factories are small and not included in any of the three inspection agencies, namely the Accord, the Alliance and the National Initiative, said Md Shamsuzzaman Bhuiyan, ...

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Dhaka may lose edge as Colombo enjoys EU benefit

GSP+

Published in the Financial Express on 21, May 2017 By Monira Munni Bangladesh’s apparel export to the EU market is likely to face stiff competition with Sri Lanka’s following the latter regaining trade benefit from the important bloc. Industry-insiders said the European Union recently reinstated GSP (generalised scheme of preferences)-plus to Sri Lanka with effect from May 19, about seven years ...

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6 things you should know about Sustainability Compact 3rd follow-up meeting

Sustainability Compact 3rd follow up meeting

On May 18, 2017, the Partners of the Sustainability Compact – the Government of Bangladesh (GoB), the European Union (EU), the United States of America (USA), Canada, and the International Labour Organisation (ILO) – met for the third follow-up meeting. Sustainability Compact on Readymade Garment and Knitwear Industry in Bangladesh was formed by Bangladesh and European Union after Rana Plaza ...

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EPZ Labour Law: US urges BD to adopt ILO’s proposal

EPZ

Published in the daily Observer on 18, May 2017 The United States has urged the government to adopt the ILO’s recommendation to remove the portions of the draft EPZ labour law referring to freedom of association and adopt instead the existing Bangladesh Labour Act. “We firmly believe that this proposal from the ILO is a reasonable and practical suggestion, and ...

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Private initiatives encouraged for safer RMG factories

Safe RMG factories

Published in NTV online on 20, May 2017 The partners of the Sustainability Compact have encouraged private initiatives to remain engaged with the government and renew their commitments to work for safer RMG factories in Bangladesh during the coming years. Recognising the critical role that the RMG sector plays in the country’s development, they expressed their continued commitment to the ...

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Dhaka presses for fair prices

Published in the Independent on 19, May 2017 Bangladesh has pressed for better prices for its readymade garment products for further improvement of the situation with regards to the rights of workers and their safety at workplaces. “When you talk about improvement, you also keep in mind the issue of the fair pricing,” Commerce Minister Tofail Ahmed said at the ...

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Free union practices for RMG workers stressed

Free union

Published in the New Age on May 19, 2017 Sustainability Compact partners on Thursday underscored the need for adequate protection against the anti-union activities as union is the key element to ensure the freedom of association in the readymade garment sector in Bangladesh. In the third review meeting of Sustainability Compact on Readymade Garment and Knitwear Industry in Bangladesh held ...

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Tofail requests buyers to raise apparel prices

Made in Bangladesh

Published in the Financial Express on 17, May 2017 Commerce Minister Tofail Ahmed on Wednesday said global buyers had not raised garment prices, although entrepreneurs invested significantly in fixing factory flaws in the post-Rana period. “But they (buyers) are now bargaining to lower the product prices instead,” he said. He made the remarks while inaugurating ‘Sustainable Apparel Forum (SAF)’ and ...

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