Canada looks to boost trade, skills, and the auto sector in BD

Canadian officials expressed interest in strengthening supply chain collaboration with Bangladesh during discussions at the Dhaka Chamber of Commerce & Industry headquarters in Gulshan. Senior Assistant Deputy Minister Sara Wilshaw highlighted automotive sector opportunities as Canadian companies seek market diversification beyond their traditional focus on the United States, which currently absorbs three-quarters of exports.

High Commissioner Ajit Singh identified potential cooperation areas spanning skills development, agro-technology, nursing education and business facilitation. Bilateral commerce between the nations reached $2.22 billion in fiscal 2024, with Bangladeshi shipments totaling $1.32 billion against Canadian goods valued at $901.09 million, according to DCCI acting president Razeev Chowdhury.

Chowdhury noted investment prospects in renewable energy, green technology, automotive components and healthcare while suggesting Canada could source leather goods, textiles, pharmaceuticals and frozen foods from Bangladesh. Canadian direct investment stock stood at $132.83 million, making it the country's 20th largest foreign capital source.
 

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