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Bangladesh govt to set to frame policy for apparel buying houses

Related Keywords: no buying house will be able to hand over letters of credit on behalf of buyers to manufacturers., The Bangladesh government to bring in discipline and ensure accountability among the buying houses in the export-oriented apparel industry is set to frame a policy. Draft has already been prepared by the commerce ministry and sent to stake holders for vet

The Bangladesh government to bring in discipline and ensure accountability among the buying houses in the export-oriented apparel industry is set to frame a policy. Draft has already been prepared by the commerce ministry and sent to stake holders for vetting last month. According to the draft that seeks to get buying houses registered with the Export Promotion Bureau states that without registration with the EPB, no buying house will be able to hand over letters of credit on behalf of buyers to manufacturers.

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