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