G7 leaders come to agreement for new insurance fund for garment industry

International Insurance fund news

This new program is meant to help to prevent a recurrence of anything like the Rana Plaza disaster of 2013. In Bavaria, G7 leaders have agreed to put a new insurance fund into place in order to create meaningful improvements to the garment industry supply chain and to ensure that there will never again be a repeat of the disaster at Rana Plaza in Bangladesh in 2013, in which a building collapsed and killed 1,137 workers. Beyond prevention, this fund will also help to provide compensation to victims of disasters…

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