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RMG sector needs fair price to ensure higher standard

“Bangladesh’s RMG sector needs fair pricing so that the apparel industries can fully comply with a higher standard. For ensuring the higher standard, which is a major challenge, the RMG sector needs to be paid more. 85 percent of the garment factories in Bangladesh have already met the international standard, as assessed by Accord and Alliance — the two international organizations of major global retailers,” said Saida Muna Tasneem, Bangladesh High Commissioner to the United Kingdom.

Figure: Saida Muna Tasneem, Bangladesh High Commissioner to the United Kingdom.

She said this recently while delivering a speech at the National Assembly for Wales in Cardiff as part of the discussion on a study titled “Bangladesh- a golden journey to development”.

Deputy ministers and assembly members of Wales, British-Bangladeshi academics, politicians, development activists, and community leaders attended at the event.

Fair pricing has been a major and long-standing demand of the apparel makers from Bangladesh, the second largest apparel exporter to the world, who are forced to handle rising overheads, compounded further by the recent hike in workers’ minimum wage, amounting to 51 percent increase.

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