Monday, July 24, 2017
Compliance deficiency counteracts price advantages
Bangladesh slipped to seventh from its fifth position as US-based fashion companies' apparel-sourcing destination in 2017 as they consider the country risky for trade compliance, according to a study.
Businesses have expressed serious discontent over poor facilities of the Chittagong port. Acting president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Moinuddin Ahmed expressed this concern at the meeting with Chittagong Customs House on Saturday morning.
Six readymade garment factory owners have compensated some 984 terminated workers and withdrawn criminal cases filed against them following negotiations and conditions set by buyers, according to IndustriALL, a global union.