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
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











