The US wants Bangladesh to decide on the tenure of the buyers’ initiatives Accord and Alliance. Delays in approving extensions of Accord and Alliance would send a negative signal to buyers and consumers that Bangladesh was not committed to workplace safety. Factory safety and labor rights are a priority for US legislators, civil society, businesses and consumers.
Following the Rana Plaza building collapse in April 2013 that killed more than 1,100 people, European retailers formed the Accord on Fire and Building Safety in Bangladesh and North American buyers announced the Alliance for Bangladesh Worker Safety, which undertook a five-year plan, which set time frames and accountability for inspections and training and workers empowerment programs.
Accord has already obtained conditional extension for six more months as the tenure of the platform is going to end on May 31. The extension of the time frame for Alliance remains under process and the time frame of the platform would end on June 30. Alliance may however, obtain an extension up to December 31 this year.
The United States also wants Bangladesh to resolve the long-standing labor rights concerns so that Bangladesh can focus on preparing for its future as a middle income country and, eventually, a developed country.

- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Landmark India-UK trade pact to supercharge textile export margins
The long-awaited India-UK Comprehensive Economic and Trade Agreement (CETA) is officially scheduled to commence on July 15, 2026. This breakthrough... Read more
Is it the end of aspirational luxury? Asia’s consumers demand more than logos
While the global personal luxury goods market remains broadly stable at around €358 billion, the apparent resilience masks a deeper... Read more
Vietnam wins, India slips as US apparel sourcing undergoes massive reset
A trade realignment is transforming the global apparel market, yet India’s manufacturing has stalled at the starting line. Newly released... Read more
US clothing prices rise faster than inflation, reshaping fashion retail strategy
After nearly two years of heavy discounting, inventory liquidation, and margin decline, apparel prices in the US are now rising... Read more
From gym to boardroom performance fabrics are redefining apparel demand
The global apparel industry has entered a new phase of evolution as the distinction between sportswear and everyday fashion continues... Read more
Digital Dominance Redefined: Zara moves past H&M in $100 bn fast fashion bat…
The global fast-fashion sector has reached a inflection point in 2026 where the battleground is no longer only store shelves... Read more
Spykar accelerates offline expansion: plans 100 new stores across India
A titan of the Indian denim-first fashion scene, Spykar has officially unveiled an aggressive retail growth strategy. As consumer demand... Read more
The Inventory Illusion: Rethinking the Zara benchmark in a volatile retail era
For over a decade, the global fashion industry has treated the Zara playbook as the gold standard of inventory efficiency.... Read more
Retail Without Retail: How Walmart’s depot network is turning space into logisti…
Walmart is fundamentally rewriting the commercial real estate and retail logistics playbook with the rise of its ‘Walmart Depots’ a... Read more
Global textile regulation tightens, forcing realignment across fashion supply ch…
Global fashion and consumer goods supply chains are entering a decisive regulatory transition as Extended Producer Responsibility (EPR) frameworks for... Read more












