Staff correspondent :

The Cabinet Committee on Economic Affairs
(CCEA) has approved a proposal in principle for importing some 50,000 metric tons
of onion from National Cooperative Exports Limited of India.

The approval came from the sixth meeting of the CCEA in this year held at the
Cabinet Division Conference Room of Bangladesh Secretariat here today with
Finance Minister Abul Hassan Mahmood Ali in the chair.

Briefing reporters after the meeting, Cabinet Division Secretary
(Coordination and Reforms) Md Mahmudul Hossain Khan said that the day’s
meeting approved three proposals in principle.

He said the state-run Trading Corporation of Bangladesh (TCB) would import
such quantity of onion from India considering the increasing demand of such
essential item.

Mahmudul said, in response to a proposal from the Energy and Mineral
Resources Division, the CCEA meeting approved a proposal in principle for
procuring LNG under short-term process from Gunvor Singapore Pte Ltd.
Singapore.

Besides, following another proposal from the Energy and Mineral Resources
Division, the meeting was apprised about signing of the Terminal Use
Agreement (TUA) and Implementation Agreement (IA) with Summit LNG Terminal II
Co Ltd instead of Summit Oil and Shipping Co Ltd (SOSCL) for setting up a 600
MMCFD capacity re-pacification third FSRU at Moheshkhali in Cox’s Bazaar
district.

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