Dhaka, May 19 (UNB) - Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has planned to establish a ‘RMG Sustainability Council (RSC) to ensure the full and independent national compliance monitoring system in Bangladesh.
The RSC will be governed by BGMEA, Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), brands, and workers’ representatives, said the apex body of the country’s apparel industry on Sunday.
The RSC will take over the structure, operation and resources of ACCORD as it phases out from Bangladesh in the 281 days of signing of the current memorandum of understanding (MoU).
The Supreme Court has allowed ACCORD on Fire and Building Safety in Bangladesh an extension of 281 days to operate in transition in the country, based on the MoU signed between the BGMEA and ACCORD on Sunday.
ACCORD helps readymade garment factories in Bangladesh become safe – and stay safe – for millions of workers.
The RSC is envisaged to take over all the safety-related matters in the RMG industry within the legal framework of the government of Bangladesh, according to the BGMEA.
During the transition period, the BGMEA will immediately establish an operating unit within the ACCORD’s Dhaka office named ‘BGMEA Unit’ to ensure a smoother transition.
A technical sub-committee with senior experts, especially from Buet among others, will be formed to complement the transition process.
The BGMEA Unit will regularly update RCC on the progress made.
In a bid to work collaboratively, it was agreed that there will be no termination or escalation of any factory from ACCORD’s end without the agreement of the BGMEA Unit, according to the MoU.
ACCORD agreed that there will be no group termination in the case of failure of one factory.
There will be no duplication of inspection between the safety initiatives (RCC, ACCORD and Nirapon).
This means that factories once inspected by ACCORD, Nirapon, RCC or any other inspecting authorities will be considered as common standards.
In the case of any dispute between BGMEA unit and ACCORD, the matter will be referred to RCC for the final settlement.
The parties also agreed to work on developing modalities for listing new factories within the safety regimes.
The MoU marks a departure from the past unilateral framework and establishes the route to self-monitoring, according to the BGMEA.
As a gesture of goodwill of the BGMEA Board and ACCORD, this MoU represents the true spirit of collaboration in the transition.
Dhaka, May 19 (UNB) – Newly elected President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Sheikh Fazle Fahim on Sunday vowed to work together with the business community for greater good.
While taking over the charge officially, the apex trade body chief said the FBCCI would continue to play its due role taking part in the country’s economic development process.
Fahim noted the country’s growing economy and said the FBCCI would continue its activities in line with Bangladesh’s journey towards further development.
The Board of Directors of the country’s apex trade body, elected for 2019-2021 tenure, took over the charge at a function held at the FBCCI Bhaban.
Senior vice president Md Muntakim Ashraf, six vice presidents and directors, elected for the next two years, were present.
Former FBCCI President M Shafiul Islam Mohiuddin spoke briefly before handing over charge to the new FBCCI leadership.
He hoped that the newly elected Board of Directors would turn out to be the most successful one through joint efforts demonstrating its competence, capability and determination.
Earlier on April 29, Md Ali Ashraf, chairman of the election board of the FBCCI, announced the results of the FBCCI election.
Former FBCCI leaders were also present.
Dhaka, May 16 (UNB)- Mitsubishi Motors Corporation, a Japanese multinational automotive manufacturer, is keen to invest in Bangladesh for flourishing industrialization here.
A three-member delegation of the company, part of the larger Mitsubishi Group, headed by Ryujiro Kobashi, Vice President and Division General Manager for South Asia, Middle East and Africa and Europe, arrived in Bangladesh on May 14 on invitation of Bangladesh Investment Development Authority (BIDA). They will leave the country on May 17, a press release said on Thursday.
Other members are--- Junichi Sabanai, General Manager of Production Engineering Division and Yasuhiko Ueda, Assistant to General Manager.
Today, they met with Commerce Minister Tipu Munshi, National Board of Revenue (NBR) Chairman Md. Mosharraf Hossain Bhuiyan and Bangladesh Economic Zones Authority (BEZA) Executive Chairman Paban Chowdhury to discuss investment angles for the development of an automotive industry in Bangladesh.
“Mitsubishi Motors wants to support the motorization and industrialization of Bangladesh. I am visiting Bangladesh this time to discuss that with the honorable members of the Bangladesh government,” said Mr. Kobashi.
BIDA Executive Chairman Kazi M Aminul Islam said that the market size for automobiles in Bangladesh is going to catch up to its rapid economic growth and higher income of its people.
He added to our overall stability, high profitability and flexible labor market, Bangladesh is offering the best incentives. Every year 2.3 million young Bangladeshis enter the job market. We want them to be introduced to high-value and technology-based manufacturing.
Aminul thanked the Japanese Ambassador to Bangladesh Hiroyasu Izumi for his role in turning Japanese investment, in the form of foreign direct investment as opposed to official development assistance, in Bangladesh a continuing reality.
On Wednesday, the Mitsubishi delegation accompanied by BIDA officials, visited the Mirsarai Economic Zone in Chattogram and also stopped by at the premises of Pragoti Industries in Sitakunda, where Mitsubishi’s ‘Pajero Sport’ has been assembled for a number of years now.
Dhaka, May 16 (UNB)- Beximco Communications Limited has launched a world standard Direct to Home (DTH) service in the country under the brand name- ‘AKASH’ on Thursday.
AKASH, is the first and only legal DTH operator in the country aiming to change the game and take the Pay TV industry of Bangladesh to a new era of excellence.
It was launched in a programme at The Westin Dhaka hotel on Thursday where Information Minister Dr Hasan Mahmud, was present the chief guest and Commerce Minister Tipu Munshi as special guest.
Private Industry and Investment Adviser to the Prime Minister Sheikh Hasina and Vice Chairman of Beximco Communications Salman F Rahman, was also present there.
AKASH will be commercially available from May 19 at authorised retails in 20 Districts – Dhaka, Mymensingh, Tangail, Kishoreganj, Narsingdi, Gazipur, Narayanganj, Manikganj, Cumilla, Noakhali, Feni, Cox's Bazar, Chattogram, Khagrachari, Rangamati, Sylhet, Moulvibazar, Habiganj, Brahmanbaria, Sunamganj.
According to the Beximco Communications, DTH is the superior technology in Pay TV industries worldwide. AKASH has a large bouquet of popular and relevant Bangladeshi and foreign TV channels to cater to the need of Bangladeshi consumers. It is going to change the TV watching experience in the country.
With supreme quality picture and sound, the bouquet includes more than one hundred channels. Currently all the channels will be available for only BDT 399 monthly (including VAT).
The AKASH Connection will cost BDT 6,499 (all inclusive). This connection includes state of the art HD Set Top Box, user friendly multi-function Remote Control Unit, heat & rain resistant AKASH branded Universal KU band Dish, necessary cable & connectors & other accessories. For a limited period, installation will be completely free & whoever purchases the connection shall receive one month free subscription.
Dhaka, May 14 (UNB) - Bangladesh has urged India to withdraw the anti-dumping duty imposed on Bangladeshi products in its market.
Commerce Minister Tipu Munshi raised the issue during his meeting with Indian counterpart Suresh Prabhu on Tuesday in New Delhi.
He also sought support for importing more apparel products from Bangladesh and more investment from India to Bangladesh to further deepen economic partnership.
The Bangladesh Commerce Minister attended a two-day event titled ‘WTO Ministerial Meeting of Developing Countries 2019’ held in New Delhi on Monday and Tuesday.
On the sidelines of the event, he met Indian Minister Prabhu, according to the Bangladesh High Commission in New Delhi.
The Indian minister assured that he will take all necessary measures to address the requests from Bangladesh.
Both the ministers expressed satisfaction over the “excellent relationship” between the two countries.
Tipu Munshi, as a freedom fighter, expressed his heartfelt gratitude for the support India extended during the 1971 Liberation War.
The Indian minister noted that India is keen to keep the momentum of the existing, the best-ever relations between the two countries.
Indian minister Prabhu inaugurated the WTO event where representatives, including ministers, from 23 developing countries took part and presented their position regarding the challenges the multilateral rule-based-trading system WTO is facing.
The Commerce Minister during his intervention sought WTO’s support to address the trade-related challenges which Bangladesh may face after graduation from LDCs club.
He stressed that the WTO needs to address those challenges in post-graduation phase in line with the General Assembly resolution adopted in 2004.
The minister said any decision, provision and agreement negotiated within the WTO must direct towards increasing trading opportunity for developing countries and LDCs.
Also, it is important that decision making process should be open, transparent and inclusive, he said.