Tuesday, February 17, 2026
11.2 C
Los Angeles

The philosophical puzzle of rational artificial intelligence

To what extent can an artificial system...

AUSTRAC backs newly regulated sectors with release of AML/CTF program starter kits

AUSTRAC has released its anti-money laundering program starter kits...

Bangladesh’s RMG Industry Faces Potential Sanctions Amid Election Concerns

SanctionsBangladesh's RMG Industry Faces Potential Sanctions Amid Election Concerns

Bangladesh’s ready-made garment (RMG) industry, a significant revenue generator for the country, is facing potential economic sanctions from Western partners, including the United States and European Union. The RMG industry, a key player in Bangladesh’s economy, has already been grappling with wage-hike protests and factory closures. The threat of sanctions emerged after the announcement of national elections in Bangladesh, raising concerns among Western buyers. A letter of credit from a foreign garment buyer warned a Bangladeshi garment supplier of potential sanctions, stating that transactions involving any country, region, or party sanctioned by the UN, US, EU, or UK would not be processed. Industry leaders and government officials dismiss the threat as “rumors” and “antigovernment” propaganda, emphasizing the RMG sector’s compliance with international labor laws. However, the potential impact on Bangladesh’s economy, heavily reliant on apparel sales to the US and EU, remains a significant concern.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

Check out our other content

Ad


Check out other tags:

Most Popular Articles