The IAF has already held discussions with the International Textile Manufacturers Federation (ITMF) on the issue
The International Apparel Federation (IFA), a global platform for apparel makers, is keen to establish a unified code of conduct for compliance audits in the global apparel sector to reduce cost, as multiple audits increase the cost of doing business.
Visiting IAF president Han Bekke made the suggestions addressing a media briefing after a meeting with Bangladesh Garment Manufacturers and Exporters Association (BGMEA) leaders at its headquarters in Dhaka on Thursday.
“In general, I feel there are too many initiatives trying to improve our (apparel) business. We are working on combining these initiatives under one unified system,” said Han Bekke.
“In the apparel industry, we have so many audits, which costs lots of money. We agreed in our board to hold a meeting probably in Europe next year with buyers, retailers, and apparel manufacturers,” said Bekke.
‘We can save lots of money if a harmonized system is evolved,” he added.
“A unified code of conduct for compliance audits is a longstanding demand of apparel makers. If it is done in the apparel sector, it would ensure compliance at a reasonable cost and within a short time,” BGMEA president Siddqur Rahman said.
The IAF has already held discussions with the International Textile Manufacturers Federation (ITMF) on the issue. As a trade body of the apparel sector, the BGMEA will work with the IAF and ITMF, said Rahman.
The BGMEA also urged the Federation to hold the IAF Convention in 2020 in Dhaka.
The IAF president showed positive signs and assured discussing it with the Federation board for consideration, Rahman added.
The visiting team also talked on the global trade situation such as Brexit and US-China Trade.
Brexit is probably causing a lot of problems, which might slow economic growth in the European Union, said Bekke.
Due to the ongoing US- China trade war, China will move to the European market, which means the Bangladeshi apparel sector will encounter strong competition in its largest export destination, said Bekke.
On the other hand, China will not be able to sell in the US market as before, which will create a huge gap and opportunity for Bangladesh. Manufacturers only doing business in US will get more benefits, he added.