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Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

Bangladesh to be 23rd largest economy by 2050: Canadian official

Tuesday, April 07, 2015 > 09:35:38
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(The Financial Express)

Praising Bangladesh's socio-economic progress in last few years, a Canadian foreign official has said Bangladesh will be the world's 23rd largest economy by 2050. Director General of South, Southeast Asia and Oceania Division of the Department of Foreign Affairs Peter MacArthur highlighted Bangladesh's near 2 billion dollar bilateral trade with Canada.

At a seminar in International Development Research Centre (IDRC) in Ottawa, Canadian speakers appreciated the opportunities of foreign trade and investment in the South Asian country. Bangladesh High Commission in Canada organised the seminar on  'Bangladesh: Trade and Investment Opportunities' recently, according to a message received in Dhaka on Monday from Ottawa.

Chaired by Kamrul Ahsan, Bangladesh’s High Commissioner to Canada, the seminar was addressed, among others, by Brian Main, President of Haggar Canada Company, Steve Tipman, Executive Director, Trade Facilitation Office (TFO) of Canada, Devinder Shory, Canadian Member of Parliament from the ruling Conservative Party and a member of the Parliamentary Standing Committee on International Trade, Dr Mostafa Abid Khan, Acting CEO of Bangladesh Foreign Trade Institution (BFTI) and Alain Brandon, Senior Director of Loblaws Company, Canada's largest retailer. First Secretary (Commerce) Dewan Mahmud conducted the seminar, while Counsellor Ishrat Ahmed gave vote of thanks.

A large number of representatives from Canadian government, business community, private sectors, academics, scholars, civil society, NGOs as well as the members of Bangladesh community in Canada attended the seminar. Seven panelists, representing the Canadian Government and Parliament of Canada as well as Canadian corporate sectors and an expert from Bangladesh made their presentations on various aspects of economic miracles that have happened in Bangladesh in the recent time as well as the package of investment opportunities that the country has been offering.

Brian Main, President of Haggar, a Canada Company, presented on the experience of doing business in Bangladesh, and applauded Bangladesh's competitiveness as world's second largest exporter of apparels. He shared his positive experience in this regard stating that 'quality' is the key component of Bangladesh's manufacturing of ready-made garments (RMGs).

Steve Tipman, Executive Director, Trade Facilitation Office (TFO) of Canada, spoke on the institutional support for the promotion of trade between Canada and Bangladesh.

Devinder Shory, Canadian Member of Parliament from the ruling Conservative Party and a member of the Parliamentary Standing Committee on International Trade presented on the role of Bangladeshi Canadians in the promotion of trade between the two countries, and focused on Canadian government's 'Go Global' policy, according to BSS.


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