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The prices of onion have shot up despite adequate supply, according to a Bangladesh Trade and Tariff Commission (BTTC) report -- laying bare the extent of market manipulation by a section of dishonest traders.
The government and business leaders have played down the significance of the diplomatic note from the Bangladesh embassy in Washington DC to the commerce ministry about possible measures like trade penalties and visa restrictions over labour issues.
EU buyers of cotton T-shirts paid less by 7.37 percent in July, 11.60 percent in August and 10.76 percent in September
Bangladesh has been facing such heightened scrutiny on labour standards for a while in contrast to its close Asian competitors like Vietnam, Cambodia, and India.
Bangladesh's ready-made garment sector, a cornerstone of its export earnings, faces substantial trade preference erosion upon graduation from least developed country (LDC) status, said Mohammad Abdur Razzaque, chairman of the Research and Policy Integration for Development (RAPID) Bangladesh, at a seminar yesterday.