News Flash

Some news highlights relevant to RMG sector: Bangladesh with 94 default cases involving 80 companies has become one of the top five cotton trading defaulters in the world, cited Kai Hughes, CEO of International Cotton Association (ICA).

Some news highlights relevant to RMG sector: Accessories and packaging manufacturers are mostly SMEs therefore it requires government’s attention to facilitate the loans as applicable for SMEs, demanded Md Abdul Kader Khan, President of Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association (BGAPMEA).

Md Manjur Morshed, Senior Advisor, GIZ writes on trade union and RMG sector, “Today, in a few countries, it is not uncommon to have more than 20 trade unions in one factory, employing around 500 workers or even less. In such cases, it is difficult to understand how the majority of the workers are effectively represented or how their demands can be efficiently negotiated with the management.”

February 11, 2017 Some news highlights relevant to RMG sector: Bangladesh Bank approves 10 additional banks to provide fund for long-term financing under ‘Green Transformation Fund for Export-oriented Textile Products and Leather Manufacturing Industries’.

February 10, 2017 Some news highlights relevant to RMG sector: • Asia Pacific Business Forum 2017 proposed to establish a single window facility at the border points where customs can be completed within one day. In addition, speakers suggested Sensitive List must be reduced to zero such as ‘Everything But Arms’ can be a reference point.

Some news highlights relevant to RMG sector: Asia-Pacific Business Forum 2017, jointly organized by the International Chamber of Commerce (ICC) Bangladesh and the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) on 8-9 February 2017.

Some news highlights relevant to RMG sector: Bangladesh will have to upgrade conditions in four areas to receive the same trade benefits after graduating from LDC under the GSP Plus scheme highlighted Willem van der Geest, senior adviser for macroeconomic policy of the UN Department of Economic and Social Affairs.

Some news highlights relevant to RMG sector: Bangladesh Bureau of Statistics (BBS) reports 4 per cent higher export, than last year at this time, is driven by RMG. In order to achieve the 2021 target of $50 billion from RMG export, the existing rates of increase are far less than needed.

Some news highlights relevant to RMG sector: BGMEA proposes a single inspection agency rather than present Accord, Alliance and the National Initiative. BGMEA also wants to remove ‘legally binding’ terminology from Accord and Alliance agreements.

Some news highlights relevant to RMG sector: The three day long ‘11th Dhaka International Yarn and Fabric Show’ will begin on 15 February 2017 in Dhaka. There will also be a concurrent exhibition of ‘Dhaka International Denim Expo’.