The Cabinet Committee on Economic Affairs on Wednesday 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.
The proposed amendment will enable Bangladesh to procure the fertiliser under either of the two internationally used delivery and pricing arrangements, according to the proposal.
Under the second proposal, the committee recommended policy approval for signing an agreement with Foreign Economic Corporation Prodintorg for the import of prilled urea fertiliser during the 2026-27 fiscal year under a G2G arrangement.
The decisions are part of the government’s arrangements for ensuring the supply of fertiliser for agricultural production during the 2026-27 fiscal year.