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EU praises bangla factory advancements

According to EU ambassador in Bangladesh, the development made in enhancing safety in garment factories in the wake of the Rana Plaza collapse is indeed commendable and impressive.

Sustainability Contact which is an ILO-brokered agreement between Bangladesh and EU is responsible for the business behaviour. Later, the US and Canada joined the compact to supervise the safety progress in the country's garment sector. There are some problems, however, that still remain to be addressed in the Sustainability Compact.

The Accord, the Alliance and the government's engineers have been inspecting and remediating the garment factory buildings after the Rana Plaza building collapse. According to e Accord and the Alliance, less than 2 percent of the garment factories in Bangladesh are vulnerable. So far approximately 90 percent of the remediation works in the associate factories of the Accord and the Alliance has been completed.

The government has even appointed a good number of labour examiners and have lessened the percentage of required workers to form trade unions to 30 per cent.

Bangladesh is eligible for trade privilege to the EU, accounting for the highest rate of utilizationlast year 65.7 percentit is a good player among the 49 least-developed countries. In the meantime, the EU will remain its duty-free profit to Bangladesh under the GSP plus arrangement even after completion to the developing country bracket.

According to data from the Export Promotion Bureau the country exported goods worth $18.68 billion to the EU last fiscal year, which was 54.57 percent of the total exports.

 
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