Cabinet committee approves G2G urea imports for FY27
The proposed amendment will enable Bangladesh to procure the fertiliser under either of the two internationally used delivery and pricing arrangements.
The Cabinet Committee on Economic Affairs today (23 September) approved two proposals to import urea fertiliser under government-to-government (G2G) arrangements for the 2026-27 fiscal year.
The approvals were made at a meeting of the committee after considering two proposals placed by the Ministry of Industries.
Under the first proposal, the committee recommended policy approval for amending the existing G2G agreement with Fertiglobe Distribution Limited of the United Arab Emirates to allow the purchase of bulk granular urea fertiliser on both FOB (Free on Board) and CFR (Cost and Freight) terms during the 2026-27 fiscal year.
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The proposed amendment will enable Bangladesh to procure the fertiliser under either of the two internationally used delivery and pricing arrangements.
Under the second proposal, the committee recommended policy approval for signing an agreement with Foreign Economic Corporation Prodintorg to import prilled urea fertiliser during the 2026-27 fiscal year under a G2G arrangement.
The decisions are part of the government's arrangements to ensure the supply of fertiliser for agricultural production during the 2026-27 fiscal year.
