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European Retailers to Sign Pact on Worker Safety in Bangladesh

MUNIR UZ ZAMAN/AFP/Getty Images(NEW YORK) -- Some of the biggest retailers in the world have signed on to a new agreement to improve worker safety in one of the world's poorest nations, Bangladesh.

The news comes less than a month after more than 1,100 workers died in the country, when an eight-story building near Dhaka that housed garment factories collapsed, despite earlier warnings that the complex was unsafe. 

European retailers H&M, Tesco and the owners of Zara plan to sign a legally binding agreement.  But Wal-Mart, The Gap and most other U.S. firms have not agreed to join them.

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