Home / Knowledge / News / Apparel/Garments / RMG sector pleads for a ethical buying practice
RMG sector pleads for a ethical buying practice
02
Jul '08
In a bid to make the readymade garment (RMG) sector of Bangladesh more competitive in the global market, domestic exporters urged foreign buyers to follow a more ethical buying practice.

A two day Multi-stakeholders Forum - Bangladesh (MFB) was held in Dhaka from June 28 to 29 which kick started with the slogan 'Building Responsible Competitiveness: Bangladesh in the Global Market Place'.

Official sources from Bangladesh Knitwear Manufacturers Association (BKMEA) confirmed Fibre2fashion, “Joint meeting between MFB and Multi-Fibre Arrangement (MFA, a UK based organization) resulted in round table talks, working group discussion on purchasing practices, updates on current labor situation, and working group discussion on macro economic factors which are affecting the Bangladeshi RMG. Besides, Mr Paul Dearman, trading law and technical manager of Tesco, a leading buyer acted as one of the key participants of the program.”

Additionally, the source also divulged that MFB is working since 2007 for developing ethical buying practices, productivity improvement, and social compliance in the RMG sector of Bangladesh.

Mr Fazlul Hoque, President of BKMEA chaired the MFB forum and stated during a press conference after the first day session that recurrent cuts in garment making charges by international buyers is eroding the profitability of the entrepreneurs. He also asserted that the association wanted an increase in prices from the buyers end, not only for their profits but also for the benefit of the workers.

A detailed study of the previous year shows that despite an increase in the production cost of around 15 percent, producers failed to pass on the higher costs to the buyer because of stiff international competition. In fact, unit garment prices have fallen by about 1.5 percent in the past one year.

It is hoped that the forum came up with viable solution to the ongoing problem faced by the RMG sector because unless the trading practices are just, one of the two countries would always be on the losing side.

Fibre2fashion News Desk - India


Must ReadView All

UK, EU agree to take more time for Brexit deal

Textiles | On 19th Oct 2018

UK, EU agree to take more time for Brexit deal

After an ongoing Brexit summit produced no tangible results, European ...

Courtesy: Pexels

Textiles | On 19th Oct 2018

US announces intent for trade deals with Japan, EU, UK

US Trade Representative Robert Lighthizer recently notified the...

Courtesy: Turtle Limited

Fashion | On 19th Oct 2018

'We are trying to imbibe multi-utility factor in menswear'

Turtle Limited, a leading Indian brand in menswear fashion, is trying ...

Interviews View All

Asim Dalal, Indo Count Retail Ventures

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Headhonchos, Indian fashion industry

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Mukesh Agarwal & Rajesh Agarwal, Madhuram Fincap Pvt Ltd

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Tina Antoniades,

Tina Antoniades

India-headquartered Lulu & Sky is a rapidly escalating brand with the...

Pratik Agarwal,

Pratik Agarwal

Breya is a brand of Indo-Western clothes for women owned by ABP Apparels...

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search