Bangladesh High Court bans Nirapon for 6 months
The Bangladesh High Court in October imposed a six-month ban on Nirapon, a local entity formed with the backing of 23 North American apparel brands and retailers to replace the Alliance for Bangladesh Worker Safety. Nirapon has been overseeing building safety, inspection and remediation of garment units after the Alliance left in December last year
Bangladesh announces cash incentives for goods exports
Bangladesh in September announced cash incentives against export of products under 37 categories, including one per cent additional special incentive for RMG products for the current fiscal. According to a Bangladesh Bank circular, RMG exporters would get the incentive in addition to the existing 4 per cent cash incentive that remains unchanged. The textile sector would enjoy the cash incentive as an alternative to duty bonds and duty drawbacks. The cash incentive is unchanged for those who export apparel to the Euro zone. Companies in economic zones would get 4 per cent additional cash incentive for exporting shoes and bags made from synthetic fibres and fabric to new markets.
Incentives for Bangla leather sector to continue for 5 years
Bangladesh govt slashes source tax on exports to 0.25%
Ten new products to get export subsidy in Bangladesh
Accord Bangladesh operations to transition to a council
BGMEA, BKMEA membership must for subcontractors
RMG workers wage payment system to go digital
BGMEA forms 25 panels to improve Bangla garment sector
BGMEA to set up RMG Sustainability Council
The BGMEA will establish a Readymade Garments (RMG) Sustainability Council (RSC) to ensure a complete and independent national compliance monitoring system. It will be governed by BGMEA, BKMEA, brands and workers representatives. The RSC will take over the structure, operation and resources of the Accord on Fire and Building Safety in Bangladesh as it phases out from Bangladesh in the 281 days of signing of the memorandum of understanding between the BGMEA and Accord. The RSC will take over all the safety-related matters within the legal framework of the government.
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