Canada keen to strenthen trade ties with Bangladesh | 2018-02-26 |

Canada keen to strenthen trade ties with Bangladesh

Staff Correspondent     26th February, 2018 12:41:21 printer

Canada keen to strenthen trade ties with Bangladesh

CHITTAGONG: Canadian government’s Global Affairs Director General David Hartman emphasised on further expansion of trade between Bangladesh and Canada through potential sectors. 

He came up with the statement while addressing a view exchange meeting with the leaders of Chittagong Chamber of Commerce and Industry (CCCI) at Bangabandhu Hall of World Trade Centre (WTC) in the port city on Sunday. 

Terming Chittagong as important for Bangladesh’s economy, he said that Canada and Bangladesh have been enjoying excellent bilateral trade relations.

He also put up trade of 2.4 billion Canadian dollars and an increase of 49 percent trade last year between the two countries.

Praising tremendous success of Bangladesh in economy, he underscored for utilising the capabilities of Canadian entrepreneurs in the fields of communication, education, green technology, aerospace, rail and gas between the countries.

Canadian High Commissioner Benoit Prefontaine at the meeting said relation between the countries got stronger over the last 46 years.

The Canadian government attaches highest priority to socioeconomic development of Bangladesh, he said, adding that the countries will work more closely in future.

He also assured of looking into simplifying the visa processing system.

CCCI President Mahbubul Alam in his speech put up the facilities Bangladesh government providing for foreign investment and said the Canadian investment in the country is inadequate.

Agriculture and food processing, IT and telecommunication, oil, gas, renewable energy, ship building and service sectors are very potentials for Canadian investors, he observed.

He also said that the government’s plan for development of blue economy will increase the potential of foreign investment in the country further.

The chamber leader also hoped that the Canadian investment will increase remarkably after implementation of the ongoing discussion on the investment protection agreement between the two countries.

CCCI Senior Vice President Md Nurun Newaz Selim, Vice President Syed Jamal Ahmed, Directors Jahirul Islam Chowdhury Alamgir, Moinuddin Ahmed, Anjan Shekhar Das and Canadian High Commission Trade Commissioner Md Kamal Uddin were present at the meeting among others.