The workers' rights groups have labeled North American retailers agreement plan to improve safety standards in Bangladeshi garment factories as a 'sham'.
Earlier, an alliance of 17 US and Canadian brands and retailers had launched a five-year agreement as an alternative to a legally binding accord following the Rana Plaza disaster in Bangladesh in April which claimed more than 1,000 lives.
The Guardian reports that this deal promises to arrange the inspection of all factories used by the signatories and the establishment of a common set of safety standards by October this year.
According to the report, some US firms were against joining the legally-binding accord because they feared it could expose them to unlimited liabilities.
Meanwhile, the critics said that the American plan could not be effective without the involvement of workers in its governance and lacked credibility without legal underpinning.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
