G7’s greater support sought for fair RMG price

Commerce Minister Tofail Ahmed has called upon G7 countries to impress upon the global brands, retailers to uphold justice and fairness in determination of price towards RMG manufacturers within a sustainable global supply chain.

Addressing the G7 stakeholders’ consultation on developing sustainable global supply chain, the Commerce Minister elaborated the way the Bangladesh textiles and RMG industry grew over the decades complying with the range of international social and environmental standards, said a Commerce Ministry media release on Thursday.

He shared with the German leaders and G7 stakeholders present at the Consultation the host of policy, legislative, regulatory, administrative changes that the government has brought over the past two years in Bangladesh.

Stressing that those improvements could well form a template for replication elsewhere, he said immediately after the worst industrial accident in April 2013, the government, owners and workers in

Bangladesh started collaborating with global actors in stabilizing the industry that employ over four million women and men in

Bangladesh.

He assured G7 stakeholders of Bangladesh’s commitment to continuing with necessary changes, as was agreed within the ‘Bangladesh Sustainability Compact’.

Emphasising that many of the changes are unique compared to most other parts of the world, he assured the meeting that Bangladesh is fully compatible and safe to source manufactured goods for developed world markets.

The meeting was also addressed by the Nobel Peace Laureate Kailash Satyarthi, the German Ministers for Labour and Economic Cooperation, Andrea Nahles and Gert Muller respectively.