As Bangladesh has multilateral trade relations with China, Commerce Minister Tipu Munshi has voiced worry over importing raw materials from the country following the serious outbreak of coronavirus.
“We import many things, including raw materials and machinery, from China... it’s a deep problem. We need to give time to import the raw materials from any other alternative source. We hope we’ll get the alternative market,” he said.
The Minister came up with the remarks while talking to reporters after inaugurating a three-day 'International Fire Safety and Security Expo at Bangabandhu International Conference Center in the capital on Thursday.
He said they will get a report on the impact of coronavirus on the country’s garment sector on February 16. “We’re also looking at the supply side of the factories. We’ve come to know that Chinese markets are getting reopened. We're closely observing it.”
The minister said Bangladesh import 90 percent of garlic from China. “The coronavirus’ impact on the import of garlic and raw materials is a matter of concern. We’ll try to procure garlic from the alternative market. But, there will be many problems in bringing raw materials.”
He said the government is monitoring the market to keep the garlic price stable.
The minster warned that action will be taken if the garlic is sold at higher price than the fixed one.