Bangladesh cancels import of 1 lakh tons of rice from Myanmar
Published 12:00 am | February 04, 2021
The Cabinet Committee on Public Purchase, the highest approval body of the government, rejected the proposal placed by the Directorate General of Food to make the bulk import of Sunned rice under a government to government (G-to-G) agreement.
“We’ve turned down the proposal considering the current situation in Myanmar although there was an agreement signed between the two countries,” Finance Minister AHM Mustafa Kamal, head of the Cabinet body, told reporters following the meeting of the committee on Wednesday.
He defended the government’s decision and said that such purchase is made through banking arrangement by opening letter of credit.
“Until a shipment reaches the country, the bank will not make the payment to the buyer. So, there will be no chance for any loss by the government,” he added.
Myanmar army took control of the country toppling the democratically elected government recently which created a volatile situation in the Bangladesh’s East Asian neighbor.
However, the cabinet body approved some other proposals including wheat import from Russia and Argentina.
দৈনিক সময় সংবাদ ২৪ ডট কম সংবাদের কোনো সংবাদ, তথ্য, ছবি,আলোকচত্রি, ভিডিওচিত্র, অডিও কনটেন্ট কপিরাইট আইনে র্পূব অনুমতি ছাড়া ব্যবহার করা সর্ম্পূণ বেআইনি। সামাজিক যোগাযোগ মাধ্যমে যে কোন কমেন্সের জন্য কর্তৃপক্ষ দায়ী নয়।