spot_img
spot_img
spot_img
spot_img
spot_img

Vietnam’s success journey putting Bangladesh’s RMG sector under threat

Vietnam has become a huge competitor in the global RMG sector for Bangladesh. The South-Asian country has been an emerging giant in the global textile and apparel industry.

Due to the sustainably developed industry and strong labor codes, the country has been attracting a huge amount of progress in the textile sector making it one of the strongest competitors for Bangladesh in apparel export.

The newly signed Free Trade Agreement (FTA) between the European Union (EU) and Vietnam has made the competition stronger.

The European Union has signed the landmark free trade deal with Vietnam on June 30th, 2019. By the signing of this agreement, Vietnam is now the first of its kind with a developing country in Asia who received tariff reductions on 99% of goods between the 28-member bloc and the Southeast Asian country.

The agreement still needs to be ratified by the European Parliament.

However, some of the lawmakers have shown their concern about the country’s human rights issue.  Because Vietnam did not ratify 2 fundamental conventions of ILO include 87 – freedom of association and protection of the right to organize, and 105 – abolition of forced labor.

According to Amnesty International, Vietnam currently has at least 128 political prisoners, with 10% jailed for social media posts. The 88 Project, which monitors rights abuses in Vietnam, says the country is currently holding more than 200 political prisoners.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img

Related News

Vandewiele Group Showcases Textile Innovations at Techtextil 2024

VANDEWIELE team is delighted to welcome its customers again...

Global Carpet Yarn Market Resilience Amidst Pandemic

Despite the ongoing challenges posed by the COVID-19 pandemic,...

Coats Digital Shortlisted for Five Accolades at the UK’s National Technology Awards 2024

Coats Digital’s unique, time-cost benchmarking solution, GSDCost, has been...

Iran’s Agrofood Exports to EAEU Surge, Led by Russia

Rouhollah Latifi, a senior official with the Central Organization...

Uzbekistan Aims to Enhance Tech Cooperation with Iran, Eyes $1 Billion Investment in 2024: Ambassador

Uzbekistan's ambassador to Iran revealed on Thursday plans to...

Turkey’s BOTAS and Egypt’s EGAS Forge Partnership to Enhance Energy Cooperation

In a significant stride towards bolstering regional energy ties,...
×