The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), the country’s apex trade body, on Sunday invited Canadian entrepreneurs to invest in potential sectors like leather, pharmaceuticals, ICT and tourism of Bangladesh with lucrative offers provided by the government.
During a meeting between Benoit Prefontaine, High Commissioner of Canada in Bangladesh, and the FBCCI leaders at the federation Bhaban in Matijheel, FBCCI President Md Shafiul Islam (Mohiuddin)also urged the Canadian investors to avail the opportunity of investing in the 100 Special Economic Zones (SEZs) in Bangladesh.
Thanking the High Commissioner for Canadian support regarding duty free export facility of Bangladeshi RMG products to Canada, Mohiuddin stressed some effective measures to narrow the existing trade gap between the two countries.
Senior Vice President Sheikh Fazle Fahim and board members of the federation were also present in the meeting.
“The role of the private sector is praiseworthy in the fast-growing development activities of the country, and the FBCCI and all of its associate bodies are working with the government to ensure a conducive business environment in the country,” he added.
Fazle Fahim sought the technological and curriculum assistance of Canada to develop the ‘FBCCI Private Institute’ which has recently founded with a view to building demand-driven human resources in accordance with the present market.
He urged to build working groups of business people to work on potential sectors of both the countries. He also urged the Canadian businessmen to build awareness about the achievements of Bangladesh and its market.
High Commissioner of Canada, Benoit Prefontaine, said that they evaluate Bangladesh as a significant trade partner.
“The existing trade between the two countries is not satisfactory, and a huge potential is remaining untapped, so Canadian businessmen are coming to Bangladesh much more now to develop the bilateral trade”, he added.
The High Commissioner also emphasised more vibrant activities of Canada-Bangladesh Chamber of Commerce.
FBCCI leaders called the high commissioner to review shifting of Canadian Visa Consular office to Dhaka.
Corinne Petrisor, Counsellor (Commercial Affairs) and Senior Trade Commissioner, and Md Kamal Uddin, Trade Commissioner of Canadian High Commission, Hussain Jamil, Acting Secretary General of FBCCI, and Afsarul Arifeen, Secretary of FBCCI were also present in the meeting.
This is to mention that Bangladesh exported a total amount of US $ 1118.72 million to Canada in 2017-18 fiscal year and imported the amount worth US $498.20 million.
The principal export products of Bangladesh to Canada are Woven Garments, Knitwear, Home Textile and Footwear etc. The import items from Canada are Vegetable Products, Machinery and mechanical appliances, and Textiles and Textile Articles etc.