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Bangladesh: EU investors want single law inside, outside EPZs

The European Union have for long been recommending Bangladesh to bring in one single law for workers inside and outside the Export Processing Zones. The EU recently sent a letter to the government threatening temporary suspension of the trade privileges for Bangladesh, if necessary amendments to the EPZ law are not completed by the middle of this year.

The European Union’s move comes after the Rana Plaza tragedy that took place in 2013 killing hundreds of people. The European Union and Bangladesh have signed along with the International Labor Organization the sustainability compact. The European Union has understood the working class workers have no safety or insurance in most Bangladeshi factories.

This move comes just before the Geneva International Labor Organization meet to be held in July. Foreign investors made it clear that they favor a solution where the same law would regulate labor relations inside and outside the EPZs. This is what they already observe in other countries where they operate. European investors would not be inclined to invest in EPZs anywhere until and unless they have the assurance that the corresponding legislation is fully aligned with UN core labor conventions. For that reason, the current draft EPZ law has become quite a touchy topic. It would have to be found related to key issues such as energy supply, infrastructure enhancement and training of labor.

 
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