• Friday, Oct 22, 2021
  • Last Update : 01:50 am

Bangladesh turns down rice imports from Myanmar in wake of military takeover

  • Published at 08:05 pm February 3rd, 2021
rice
Representational image Bigstock

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

Bangladesh has turned down a proposal to import 100,000 metric tons of rice from Myanmar due to the current situation in the neighboring nation. 

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 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 purchases are made through banking arrangements by opening a letter of credit (LC). 

"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 Bangladesh's East Asian neighbor. 

However, the Cabinet body approved some other proposals including wheat import from Russia and Argentina.

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