‘Barvida continues to make effort to develop reconditioned car import’

Barvida has been a leading supplier of vehicles to the country’s transport sector for more than three decades, supplying about 85% of the total demand. We are proud to have been a part of this essential industry for so long, and we look forward to continuing our contributions in the years to come.

Md Habibullah Don, President of the Bangladesh Reconditioned Vehicles Importers and Dealers Association (Barvida), said that Barvida is still working hard to improve the reconditioned car import industry.

Habibullah expressed at the annual general meeting of Barvida on Thursday that the present executive committee has always strived for the improvement of imports of reconditioned cars and have taken necessary measures on various matters related to the interests of members of the organization, as stated in a press release.

In light of Bangladesh Bank’s instructions to preserve a 100% LC margin, the chairman called for concerted action to address the existing stagnation in the import of reconditioned cars. He mentioned that the current committee is taking all possible steps to resolve the matter.

The president of Barvida also urged the National Board of Revenue to resolve the tariff disparity between new and old vehicles.

About 370 members, including the secretary general, vice presidents, former presidents and executive members of the association, were present at the meeting.

The secretary general of the association, Mohammad Shahidul Islam, highlighted the significant activities of the organisation in the meeting, while the treasurer presented the income and expenditure account for the last year.

The meeting also approved the annual budget of Barvida for the next financial year and appointed an auditor for the next financial year.

The general members of the association discussed various issues related to the country’s reconditioned car import sector and the interests of the organisation during the open discussion phase of the general meeting. They provide full cooperation and support to make Bervida a more dynamic, effective and up-to-date trade organisation.

Barvida has been contributing about 85% of the vehicle supply to the country’s transport sector for more than three decades.