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Canada wants to expand trade relations with Bangladesh

Canada wants to expand trade relations with Bangladesh

Photo: Courtesy.

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"Canada aims to finalize an investment agreement with Bangladesh to attract investment companies"

Senior Correspondent

Publisted at 6:47 PM, Sun May 19th, 2024

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Canada's Indo-Pacific Trade Representative Paul Thoppil said that his country wants to expand trade relations with Bangladesh. 

"The Bangladesh-Canada relationship is crucial in the Indo-Pacific region. Canada aims to finalize an investment agreement with Bangladesh to attract investment companies," said Paul Thoppil during a meeting with State Minister for Commerce Ahsanul Islam Titu at the Secretariat on Sunday (19 May).

Indo-Pacific trade representative Paul Thoppil praised the development of Bangladesh and said that Canada is keen to invest in infrastructure projects, cyber security as well as the garment sector. 

He said that Canola oil can be exported to Bangladesh, if the oil factory is set up here it will be easier to process the oil.

In the meeting, Ahsanul Islam Titu said that Bangladesh is transitioning to the status of a Least Developed Country (LDC) under the leadership of Prime Minister Sheikh Hasina. Bangladesh is making bilateral agreements with different countries to gain market advantages in various regions.

"Bangladesh-Japan Economic Partnership Agreement (EPA) negotiations started today. The Ministry of Commerce is working to improve relations with various countries of the world, especially ASEAN countries," said Ahsanul Islam Titu.

The first phase of Bangladesh-Japan Economic Partnership Agreement (EPA) negotiations started on Sunday (19 May) at a hotel in the capital. The negotiations will be held on various commercial issues between the two countries and will end on Thursday (23 May).

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