The Garment Manufacturing Industry In Bangladesh Has Great Potential For Development.

After the death of more than 1100 garment workers in Bangladesh after the collapse of the Rana building, Bangladesh's major clothing buyers said they would stop importing garments from Bangladesh. The major international trade unions and human rights organizations also put pressure on the Bangladesh government, saying that measures must be taken to improve the production environment of the garment workers and ensure workers' basic income and personal safety. P

In June 26th, the Obama administration of the United States suspended the treatment of the GSP in Bangladesh, hoping to arouse enough attention from the government.

The garment industry in Bangladesh is facing a crossroads of reform.

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< p > Bangladesh is currently the world's second largest exporter of garments, accounting for 4.8% of the global garment market.

In the 2012-2013 fiscal year, the total export volume of Bangladesh was US $27 billion 20 million, of which the ready-made garment industry exports amounted to US $21 billion 520 million, accounting for 79.63% of the total export volume.

The main export targets of the Bangladesh garment industry are large buyers and brands in Europe and America, less than a target= "_blank" href= "http://www.91se91.com/" > clothing < /a > agencies.

If these buyers lose confidence, Bangladesh's clothing industry will be in trouble.

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< p > at present, Bangladesh has more than 5400 garment factories and employs more than 3 million 600 thousand people.

The number of garment factories far exceeds that of Vietnam, Indonesia and other countries, and has a huge advantage in garment production.

The lowest wage for garment workers is only 0.2 dollars per hour, which is 1/5 of Chinese garment workers' wages.

Despite the obvious competitive advantages, factory safety, labor rights and other problems have become the bruising of the development of the Bangladesh garment industry.

From 2000 to 2013, more than 15 thousand workers died of factory accidents, of which 2/3 were accidents.

Because of the price competition between European and American garment buyers and the fierce price competition between garment factories, the profitability of the Bangladesh garment industry is very low, which further worsens the production conditions of the workers.

Some analysts pointed out that under the premise of ensuring workers' safety and rights, Bangladesh garment manufacturing industry should make efforts to strengthen brand building and training of workers, and enhance the added value of products, so as to promote the healthy and steady development of the industry.

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Shortly after the announcement of the moratorium on monggi in the United States, P, EU trade representative Degut, foreign minister Moni of Bangladesh and director general of International Labour Organization Ladd, jointly issued the global sustainable development contract in Geneva in July 8th.

The contract covers Bangladesh clothing and < a target= "_blank" href= "http://www.91se91.com/" > textile < /a > industry labor rights and factory safety continuous improvement aspects, so as to prevent similar incidents of Rana building collapse from happening again.

The contract is valid for 5 years.

Representatives from Bangladesh and 70 main buyers in Europe.

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< p > contract defines a series of corrective actions for Bangladesh government.

Meng Fang needs to modify the labour law as soon as possible, allowing workers to freely form trade unions and negotiate wages with the management, provide occupational health and safety protection for workers, set up a public database, release legal information on labour standards and factory safety to the public, release factory safety supervision, strengthen factory fire safety facilities before June 2014, ensure the quality of factory buildings, and increase the number of factory safety supervisors to 800 by the end of 2013.

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The international garment purchasers at the P conference also agreed to form a joint supervision group with the Bangladesh government to conduct safety checks on the garment factory in the next 9 months.

Garment factories with safety problems will be required to stop work and rectification. During the downtime, factories must continue to pay wages for workers.

International Garment buyers will provide the Bangladesh government's list of factories in Bangladesh by July 15th.

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"P >" two days after European buyers took action, 17 garment buyers from the United States such as WAL-MART formed a Bangladesh labor safety initiative Alliance on 10 days, indicating that they will help Meng improve factory safety environment and labor standards in the next 5 years.

The alliance will assess the safety conditions and labor conditions of the garment factories in Bangladesh. The sub standard factories will be cancelled and the factory safety standards will be established within three months.

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At the same time, in July 11th, Bangladesh Bank announced that the Japan International Cooperation Agency will provide $12 million 800 thousand in low interest loans for Bangladesh's factory safety pformation and acquisition of equipment.

It is reported that workers can apply for the loan from 100 to 2000 factories.

The loan interest rate is 10%, the repayment period is 15 years, and has a grace period of 2 years.

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The garment manufacturing industry in Bangladesh has great potential for development. If the Bangladesh government and garment manufacturers can turn the current challenges into opportunities, the help of all the parties can help the garment industry to develop on a healthy track, which will be a blessing to the life of the garment workers and the development of our country's economy. P

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