Bangladesh eyes to double export to Canada in 3yrs: Tipu Munshi

Staff Correspondent

29 November, 2020 12:00 AM printer

Bangladesh has planned to make double exports to Canada in next three as it has experienced significant growth in bilateral trade, Commerce Minister Tipu Munshi has said.

The current annual export earning to Canada is one billion US dollar, official data showed.

Addressing a meeting on Saturday, Tipu Munshi also emphasized on the opportunities of jute products export to Canadian market where plastic products are banned.

 “We want to increase it within the time. To do so, potentials of SMEe and women entrepreneurs should be utilised”, he added.             

LightCastle Partners, a Bangladeshi business consultant firm, organised the event at a city hotel in Gulshan to recognise participants of ‘Export Launchpad Bangladesh’.

Launchpad, a technical assistance project consisting of a train-the-trainer activity, aims to reduce poverty in Bangladesh through capitalising opportunities in the global trade. “As Canada recently banned the use of plastic goods in its country, it may create scope for for us. Because, the demand of our jute goods as alternative to plastic goods will increase in Canada, Minister added. 29 trade professionals have been awarded certificates for their role of developing capacity in trade and international market access support.  

International Islamic Trade Finance Corporation (ITFC), Trade Facilitation Office–Canada (TFO-Canada) and Business Promotion Council (BPC) gave the certificates.

Bangladesh’s High Commissioner to Canada Dr Khalilur Rahman,; Business Promotion Council coordinator AHM Shafiquzzaman and Commerce Ministry Additional Secretary AHM Ahsan spoke on the occasion.

Canadian High Commissioner to Bangladesh Benoit Prefontaine, ITFC Chief Executive Officer Hani Salem Sonbol and TFO executive director Steve Tipman addressed through a video conference.