The Accord on Fire and Building Safety in Bangladesh has yet to hand over safety monitoring responsibility to the Remediation Coordination Cell, a government-formed body. Accord has expressed interest in handing over safety monitoring responsibility of 100 fully-remediated readymade garment factories without mentioning any time frame. Accord has not mentioned even the name of any factories in its handover document.
Following the Rana Plaza building collapse in April 2013 that killed more than 1,100 people, mostly garment workers, European Union retailers formed the Accord. This platform has so far inspected more than 1,600 readymade garment factories. Accord-listed factories have completed more than 89 per cent of remediation works while 172 factories have completed 100 per cent remediation.
The tenure of the platform ended in May this year and it was given a six-month transition period that will end on November 30 this year. Accord was an unprecedented, independent, legally binding agreement between trade unions and brands. The Bangladesh readymade garment industry is undoubtedly safer, and lives have been saved.
Global stakeholders, including buyers, trade unions and investors, have requested Bangladesh to allow the operation of Transition Accord till a national body is ready to take over factory safety responsibility.

- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Europe cuts apparel volumes and prices, testing South Asian suppliers
European apparel sourcing entered 2026 under simultaneous volume and price pressure, forcing suppliers to absorb a decline that is reshaping... Read more
FICCI-TAG 2026: Mandatory reporting & Textile ID rolled out; Non-Compliance …
In a stern regulatory announcement aimed at creating a robust statistical backbone for India's textile sector, Textile Commissioner Vrunda Manohar... Read more
India’s apparel exporters face a new US tariff risk as margins shrink
The enactment of the Lindsey O. Graham sanctioning Russia and Iran Act of 2026 in Washington has introduced a fresh... Read more
Cellulosics challenge polyester dominance in global fibre market
The global textile raw-materials market has entered a phase where plant-based and regenerated cellulosic fibres have gain ground against fossil-fuel-derived... Read more
From cotton to MMF cost equation is rewriting global textile trade
The global textile and apparel trade has grown from $560 billion in 2006 to $914 billion in 2025, reveals the... Read more
Polyethylene stretch yarn challenges elastane’s hold on activewear
The global activewear, denim and intimate apparel markets have built a substantial business around stretch. But the same fibre combinations... Read more
Automation Meets Italian Design: FFI Srl unveils ‘Next-Gen Robotics’ to help bra…
At the recently concluded autumn edition of Ready to Show inside Hall 10 at Fiera Milano-Rho—staged alongside the Milano Fashion... Read more
From Dhaka to Milan: Mascom Composite backs Southern Europe’s sports and lifesty…
While the trade floor of Ready to Show Milano inside Hall 10 at Fiera Milano-Rho placed a heavy spotlight on... Read more
How surging silver prices are reshaping ‘Mid-Tier’ fashion jewellery
Escalating global bullion volatility and raw material pricing pressures are forcing a fundamental reassessment across the mid-tier fashion jewellery trade.... Read more
Milano Fashion & Jewels: How ‘Re-Engineered’ heritage crafts are driving hig…
A counter-movement against industrial uniformity is reshaping European bijouterie, transforming authentic craftsmanship into a powerful lever for high-margin boutique growth.... Read more











