Chattogram:The government is implementing measures to ensure a steady supply of essential commodities at reasonable prices during the upcoming Ramadan, according to Commerce Minister Khandakar Abdul Muktadir.
According to United News of Bangladesh, the minister announced that steps are being taken to rationalize duties on fruits and dates, reduce interest rates on bank loans for importing consumer goods, and remove obstacles in the transportation and clearance of imported products. These efforts aim to stabilize the market and prevent price surges.
The announcements were made during a discussion with traders and importers organized by the Chittagong Chamber of Commerce and Industry (CCCI) at the World Trade Center in Chattogram. The government will maintain regular market monitoring to prevent artificial shortages and unjustified price increases.
Muktadir assured that there are already sufficient supplies of essential commodities, such as edible oil and sugar, and that the opening of letters of credit for imports is proceeding normally. The government is collaborating with relevant agencies to ensure a smooth supply of goods throughout the year, including Ramadan.
Efforts to reduce import costs are underway, including a proposal to lower the current 121 percent duty on fruit imports. A letter has been sent to the National Board of Revenue seeking a reduction in duties on dates. Discussions with the Bangladesh Bank governor are planned to explore lowering interest rates on loans for importing consumer goods.
The minister criticized the high prices of imported fruits, expressing that selling oranges at Tk 400-500 per kg is unreasonable, even after duties. He claimed prices have dropped significantly following interventions by consumer protection authorities and administration.
Additionally, initiatives to reduce logistics costs through improvements at Chattogram Port and the transport system are in progress. The government is also facilitating business operations by making the trade license system fully online and modernizing the Registrar of Joint Stock Companies and Firms.
Pre-shipment inspections for imports of certain goods like sodium sulphate and bitumen are being considered to ensure quality and transparency. Addressing the recent fuel price hike, Muktadir mentioned that a minimum price adjustment was necessary for financial stability, and duty reductions on other imported products are being considered.
Business leaders assured the government of their readiness to maintain adequate supplies during Ramadan. CCCI President Mohammad Amirul Haque emphasized the importance of avoiding artificial shortages of major essentials and ensuring smooth clearance of goods. He called for a level playing field for regional businesses and reaffirmed the commitment to transparent trade and consumer protection.
Abdus Salam, President of the Khatunganj Trade and Industries Association, urged better coordination among customs, port, and government agencies to prevent trader harassment and ensure a cooperative environment for the import and clearance of goods.