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On November 16, US Secretary of State Antony J Blinken, at the rollout of the Presidential Memorandum on “Advancing Worker Empowerment, Rights, and High Labor Standards Globally,” stated that the United States would work to hold accountable those who threaten, intimidate and attack union leaders, labour rights defenders and labour organisations. The memorandum, signed by President Joe Biden, […]

How will Bangladesh’s garment and textile industry be impacted if the European Commission approves its proposed Corporate Sustainability Due Diligence Directive (CSDDD)? This issue is currently a focal point of discussion among garment exporters. The directive, if enacted, would establish a legislative framework, compelling companies, whether EU-based or not, to showcase their efforts in safeguarding

H&M and a few other global brands have pledged to raise prices for apparel products sourced from Bangladesh. Yet, a lot more needs to be done to increase prices across the board. Manufacturers explain why their hands are tied when negotiating prices with intl buyers. The company told its garment providers in Bangladesh that it

Bangladesh’s exports suffered a setback in October, with shipments declining by 13.64% compared to the same month in the previous year, according to the data released by the Export Promotion Bureau (EPB) on Thursday. The total value of exports for October this year amounted to $3.76 billion, a decrease from the $4.35 billion recorded in

Cotton ginning mills in the north Indian state of Punjab have gone on indefinite strike from today. They have decided not to run their ginning mills until the state government accepts their demand regarding notices issued for recovery of pending tax liability. The state’s ginning mills have gone on strike at a time cotton arrival

China recently approved setting up the China (Xinjiang) Pilot Free Trade Zone. A State Council circular issued on October 31 called for efforts to build the zone into a demonstration model of high-quality development for central and western regions. The zone will serve the construction of core areas of the Belt and Road Initiative, support

To deal with the dollar-crisis, the value of the dollar has been increased by 50 paise in expatriate and export earnings. Banks will buy Tk 110.50 per dollar and sell it to importers at Tk 111.00 in these two cases from 1 November. Also, the maximum rate of interbank dollar will be Tk 114.00, which

The Minimum Wage Board Chairman Liaquat Ali Mollah said that the minimum wage of garment workers will be decided by the second week of November. He said that the increased salary will be effective from next December. Liaquat said this at the end of the fifth meeting of the Employer-Labor and Minimum Wage Board on

The garment sector of the country is going through an extremely critical situation. The rising cost of fuel including gas, electricity is increasing the production cost of garment exporters. On the other hand, orders from international apparel retailers and brands have fallen due to record-high inflation in the West. Enterprenuers are unable to open LC

In July-September, the first quarter of the fiscal year 2023-24, Bangladesh’s apparel exports to non-traditional markets increased by 24.93 percent to $2.24 billion from $1.80 billion in the same period of the previous year. While Bangladesh’s apparel to the majority of non-traditional, or emerging markets are witnessing strong growth, its performance in neighboring India, an