The Cabinet Economic Affairs Committee on Thursday approved a proposal for signing a new contract with the United Arab Emirates (UAE) to import 200,000 metric tonnes of urea fertilizer. Under the proposed government-to-government contract, the state-owned Bangladesh Chemical Industries Corporation (BCIC) will import the bulk fertilizer from UAE’s state-owed Ruwais Fertilizer Industries (Fertil) from July 2013 to June 2014.
The cabinet body at its meeting, chaired by Finance Minister AMA Muhith, endorsed the proposal placed by the Industries Ministries.
The new contract between Bangladesh and the UAE is the continuation of the previous contract which was first signed in 2007 and later renewed every year until April 2013.
But this time, the Industries Ministry proposed signing the new contract bringing some changes in the previous one.
The cabinet body at its meeting, chaired by Finance Minister AMA Muhith, endorsed the proposal placed by the Industries Ministries.
The new contract between Bangladesh and the UAE is the continuation of the previous contract which was first signed in 2007 and later renewed every year until April 2013.
But this time, the Industries Ministry proposed signing the new contract bringing some changes in the previous one.
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