By admin 
A business transaction can be referred to as Trading. Trading is a popular notion in the world that refers to the act of purchasing and selling things and services, with buyers and sellers exchanging goods and services against one another in exchange for consideration. In an economy, there is the potential for consumers and producers to engage in trade with one another. Numerous enterprises fall under the category of Trading. It may encompass a business entity established as a corporation, partnership, or sole proprietorship. However, like all enterprises, there are obligations to adhere to legal statutes and regulations pertaining to the trading sector, and because to its extensive scope, the legal complexities may escalate based on the business’s specific circumstances.
When it comes to Bangladesh, it can be challenging to classify a specific business as a trade business. This can be anything from a single retailer to a multinational corporation conducting business. There is the possibility that it will include a company, a partnership, or a sole proprietorship that has been established for the purpose of conducting a certain business. In this viewpoint, it will be concentrating on a few of the general needs and requirements that are necessary for the successful running of any trading business in Bangladesh. Nabil group started it’s trading business under the name of NGI Trade International. It was in April of 2022 when NGI Trade International first embarked on its long journey. Today, the company imports a broad variety of products from countries such as Ukraine, Russia, Australia, Canada, Uruguay, Myanmar, Brazil, and India. These items include wheat, maize, rice, lentils, pulses, chickpeas, soybean seeds, sugar, rapeseed, and palm oil. Other nations that the company imports from include Brazil, Bolivia, and India.
Nabil Group of Companies made purchases of billions of dollars during the most recent fiscal year, which encompassed the years 2023–24. The total worth of the group’s imports over that time period was determined to be $1.21 billion. Currently, the group is a member of the club that consists of either $100 million or $1 billion dollars. A company that originated in Rajshahi, a region of Bangladesh that is considered to be underdeveloped, has reached a significant milestone with this achievement.
Over the course of the previous fiscal year, the three companies that make up the Nabil group imported goods with a total value of around Tk 13,315 crore ($121 crore) in local currency. A total of Tk 7,134 crore worth of commodities have been imported by Nabil Auto Flower Mill from this source. The entire sum of Tk 3,829 crores that Nabil Naba Foods Limited has imported in the form of items is quite substantial. Nabil Feed Mills Limited imported a total quantity that was worth 2,351 crores of taka worth of goods.
In the same time period, the Nabil group was also credited with a large contribution to the importation of wheat into Bangladesh
Based on the figures for imports, it is clear that the nation brought in a total of eighty lakh tonnes of wheat during the eight-month period beginning in January and ending in August of this year. The Nabil Group is the most important importer of wheat, accounting for 24.47 per cent of the total imports. According to the rankings, Citigroup, which came in second place, imported 14.62 per cent of the grain. The Meghna Group, which maintained the third position in the rankings, was accountable for 12.99 per cent of the company’s imports. During this time period, the Akiz Group imported 7.50 per cent of the products, whereas the Abul Khair Group imported 6.40 per cent of everything. The government and other importers have brought in 34.02 per cent of the wheat that is being produced.