The ancient gracious bilateral relationship between Bangladesh and Canada has much

contributed to an increased and increasing trade relation between them. Economic

cooperation and advancement of existing commerce and trade are the focus of this

bilateral relation. Bangladesh exports RMG, Plastic Items, Footwear, Frozen Fish,
Headwear, Ceramic Products, Furniture, Toys, etc. to Canada. Bangladesh imports

Cereals, Edible vegetables, roots and tubers, Iron and steel, Fertilizers, Oil seeds and
misc. fruit, grain, Boilers, mechanical appliances, Zinc and zinc articles etc. from Canada.

Bangladesh is the second-largest importer of Food Grains from Canada. Canada's

potential imports from Bangladesh can be Leather goods, medicine, IT etc.

According to the Economic Diplomacy Policy of People's Republic of Bangladesh, this

country is trying to boost up trade relationship with Canada. Therefore, Bangladesh is

arranging B2B (Business-to-Business) meetings, participating Trade Fairs etc. Through

Trade Diversification, Bangladesh is trying to reinforce Foreign Direct Investment from

Canada.

Bangladesh is getting the benefit of GPT facility with Canada in the RMG and Apparel

sector (General Preferential Tariff) since 2014. This GPT facility ensures the duty-free,
quota free access- DFQF. Bangladesh will enjoy this facility upto December 31, 2023.

Therefore, Bangladesh is trying to facilitate trade and reinforce FDI from Canada.

Bangladesh’s very liberal invest policy and its keen interest on the development of the
infrastructure building have opened new horizon of opportunities to Canadian firms.

There are many potential areas for the Canadian firms: shipbuilding, agro-processing,
engineering services, renewable energy, IT and telecommunications, and hospitality

sectors. Moreover, "Blue Economy" of Bangladesh has opened new scope of immense
opportunities for the foreign firms. Here are a few recommendations for the Chamber of

Commerce
The ongoing negotiation topic between Bangladesh and Canada is FIPA (Foreign

Investment Protection Agreement). After implementation, this FIPA will be a real

catalyst of bringing FDI from Canada to Bangladesh and vice-versa. Other than

paving the way for more bilateral trade between the two countries, this agreement
will enhance people-to-people contact in the upcoming days.

 Bangladesh and Canada are currently negotiating on Foreign Investment

Protection Agreement (FIPA), which would help bring more investments that are

direct from Canada to Bangladesh. Once implemented, this will pave the way for
more bilateral trade between Bangladesh and Canada as well as enhance people-

to-people contact in the days to come. The chamber needs to start talks with the
Federal Government to have a quick development in the issue.