Commerce Minister Tipu Munshi today said the government will strengthen monitoring to control prices of essentials, including edible oil, so that middlemen cannot reap profits illegally. He also said that a committee of the commerce ministry is working to ensure fair price of imported products in the local market. The minister said this at a briefing at the Commerce Ministry's
Tipu for seizing opportunity of grabbing plastic goods market
BSS
23rd January, 2021 07:38:25
Commerce Minister Tipu Munshi urged on Saturday the local entrepreneurs of plastic goods to seize the opportunities of grabbing the local and global market by ensuring quality of products.
“Plastic industry is a potential sector in Bangladesh. There is a huge market of plastic products across the globe. We’ll have to grab that market through ensuring quality of products, design and skills. The demand of plastic products is increasing day by day and we’ll have to seize this opportunity,” he said.
The commerce minister was addressing a function marking the inauguration of the new campus of the Bangladesh Institute of Plastic Engineering and Technology (BIPET) at the Pangaon Container Port Road in Dakshin Keraniganj, said a ministry press release.
Tipu Munshi stresses on quality of plastic goods
Staff Correspondent
24th January, 2021 12:21:14
Commerce Minister Tipu Munshi inaugurates the Bangladesh Institute of Plastic Engineering and Technology (BIPET) at South Keraniganj in Dhaka on Saturday.
Commerce Minister Tipu Munshi has called for improving quality and design of local plastic goods and gaining more skills for that to enhance the items’ export.
“Plastic is a potential sector of the country that has a vast market as its demand is growing day by day. The market has to be tapped with product quality, design and skills,” Tipu Munshi said on Saturday.
He was addressing the inaugural event of a new campus of Bangladesh Institute of Plastic Engineering and Technology (BIPET) at Pangaon, Keraniganj, at the outskirts of Dhaka.
Trade agreement with Nepal soon: minister Star Business Report Star Business Report
The government will sign a preferential trade agreement (PTA) with Nepal within a short time in order to improve bilateral trade, said Commerce Minister Tipu Munshi yesterday. Discussion is underway with more countries regarding the signing of trade agreements. This will be beneficial for us in the long term although it may not appear advantageous for the time being, he said.
Munishi shared the info at the inauguration of the campus of Bangladesh Institute of Plastic Engineering and Technology in Dhaka s Keraniganj, according to a press release.
The event was jointly organised by the institute and Bangladesh Plastic Goods Manufacturers and Exporters Association. The development came more than a month after Bangladesh inked a PTA with Bhutan to safeguard the trade benefit after graduation from the least developed country status in 2024.
Fix bottled soybean oil price at Tk 124 a litre
Recommends tariff commission; commerce ministry decision may come on Sunday
The Bangladesh Trade and Tariff Commission (BTTC) has recommended setting the maximum retail price of soybean oil at Tk 124 a litre to tame its spiralling rates in the local market.
Now bottled soybean oil is sold at Tk 130 a litre on an average, which is exorbitantly high, the commission said in its report recently submitted to the commerce ministry.
Moreover, the cost for each empty one-litre bottle of soybean oil has been fixed at Tk 15 and the five-litre ones at Tk 50, which are also very high considering the current state of the plastic market, it said.