Accord’s future in Bangladesh remains unclear. Founded in 2013 following the Rana Plaza factory accident, Accord is a legally-binding pact which aims at improving the safety of textile factories, and is currently signed by around 200 fashion companies producing clothing in Bangladesh.
The court hearing on the future of the organization has been deferred till April 7. Till then, Accord may continue with its inspections. Fashion companies, non-governmental organizations and, most recently, investors have spoken out in favor of Accord’s remaining in the country. Bangladesh and the country’s textile federation are insisting on a fixed date when Accord has to hand over its mandate to the national regulator, the Remediation Coordination Cell. But Accord and its supporters insist that its inspection duties shouldn’t be handed over until the regulator is in a position to do the work.
Accord and the government of Bangladesh have not been able to agree on a date to pass on inspection obligations. Accord’s five-year-term to remediate Bangladesh’s apparel factories ended in November 30. But apparel industry leaders are unwilling to let it stay on in Bangladesh any longer. They say Accord has forced many of them to undergo expensive remediation work, but even after such expensive remediation work, buyers, though they are happy with the compliance work, are not paying a fair sum to enable factories to recover their costs.

- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
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
The "Total Look" Retail Revolution: The integration of jewellery, acce…
The conventional boundaries separating fashion jewellery, ready-to-wear and leather goods, have collapsed on the international retail floor. At the September... Read more
Why Rules of Origin could limit India’s FTA gains
India’s growing network of trade agreements promises lower tariffs and wider market access for its textile and apparel exporters. But... Read more
India-New Zealand FTA opens tariff-free route for textile exporters
The India-New Zealand Free Trade Agreement (FTA), which comes into force on October 20, 2026, creates a new tariff-free corridor... Read more
Virgin polyester drives global fibre output to record 139 mn tonnes
Global textile fibre production reached a record 139 million tonnes in 2025, up 5.3 per cent from 132 million tonnes... Read more











