The government of Bangladesh has decided to form a council to deal with various problems in the readymade garment sector. The Alternative Dispute Resolution (ADR) council will be formed by this month. Victims of accidents in the readymade garment sector will be able to file their complaints with this council. The council will reach decisions upon hearing from both sides.
Bangladesh has made progress in Generalised System of Preferences and the US seems to be satisfied with the initiatives. For instance, 200 inspectors have to be appointed in the apparel sector and 68 inspectors have already been appointed. A publicly accessible garment workers' database has now gone online.
The US had expressed concern over labor unrest in the readymade garment sector. But Bangladesh says that now the situation is totally normal and calm and hopes to sign the preferential trade agreement and free trade agreement with different countries in the days to come. The Bangladesh Labor Act may be extended to export processing zones.
Bangladesh hopes for a surge in trade and investment relations with the US. A Trade and Investment Cooperation Forum Agreement (TICFA) meeting, the first of its kind, is scheduled to be held later this month.
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