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The five-year pact was set to expire in May 2018 but its brand signatories agreed last year to extend it to 2021 to complete remaining safety fixes, while the Bangladesh government set up a national regulatory body to take over its work. A High Court in Bangladesh in May, however, ordered the Accord to shut down by Nov wear cufflinks on normal shirt uk sale. 30, following a petition filed by a local readymade garments supplier against the pact. The group’s inability to inspect factories through the agreement may prompt brands to cut ties with Bangladeshi suppliers, which would hit the country’s economy, which is heavily reliant on garment exports..
“We have submitted an appeal to the Supreme Court..and are working to have a stay issued against the High Court judgment that would close down our office,” Rob Wayss, the Accord’s executive director told Reuters wear cufflinks on normal shirt uk sale. The appeal is likely to be heard on Thursday, a government official said, declining to be named as the information was not public. Shamsuzzaman Bhuiyan, head of the department of factory inspections at the labor ministry declined to comment, saying the matter was before the court..
Low wages have helped Bangladesh build the world’s second-largest garment industry, behind China, with some 4,000 factories employing about 4 million workers. The sector exports more than $30 billion worth of clothes a year, mainly to the United States and Europe. Wayss said the group would move its work to its Amsterdam office if it is forced to shut down in Bangladesh, as the legally-binding contract signed between its brand members extends up to 2021. However, moving operations out of Bangladesh would likely increase the Accord’s costs and also harm suppliers, said Wayss wear cufflinks on normal shirt uk sale.
“Right now, they can come to the office any day of the week, we can review designs together, we can give them feedback,” said Wayss. “Our ability to do that when we don’t have an office and infrastructure is reduced, so the industry is harmed.”. Bangladeshi Commerce Minister Tofail Ahmed told Reuters last week the Accord was no longer needed as the government’s national regulatory body, the Remediation Coordination Cell, was able to do the job. However, Wayss said that body still has work to do before it is ready to fully police standards in the sector wear cufflinks on normal shirt uk sale.
NEW YORK (Reuters) – Cryptocurrencies are here to stay despite a prolonged slump this year, and will gain wider acceptance after the recent entry of more institutional investors in the space, Mohamed El-Erian, chief economic adviser at Allianz, said on Tuesday wear cufflinks on normal shirt uk sale. At a CoinDesk conference called “Consensus: Invest in New York,” El-Erian said the participation of institutional investors in various crypto projects, even as retail investors have shied away because of price declines, was a positive sign..