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Related Keywords: Bangladesh Accord, concern in Bangladesh garment industry, extending an agreement, four million apparel workers, global brand, into national regulations, labour union, legally binding, low wage, poor working conditions, promising more stringent safety checks, protect garment workers, trade union

Poor working conditions and low wages have long been a concern in Bangladesh’s garment industry, to protect garment workers Bangladesh will be extending an agreement into national regulations, promising more stringent safety checks for its 4 million apparel workers, a labour union said.

The Bangladesh accord runs to May 2018, but the government has agreed for it to continue beyond that date until a national regulatory body is ready to take over monitoring, a trade union said Tuesday.

In a recent Labor Costs Index report, risk analytics firm Verisk Maplecroft, warned that companies would be wise to really weigh the risks posed by poor working conditions and high instances of child labor and human trafficking, for example, before sourcing in low costs labor markets. Cost competitive nations like Myanmar, Bangladesh and Cambodia may be the world’s lowest wage nations today, but they are also ranked the highest risk.

Related Keywords: human trafficking, instances of child labor, Labor Costs Index report, low cost Bangladesh, low cost Cambodia, low cost Myanmar, low costs labor markets, lowest wage nations, poor working conditions, Verisk Maplecroft