bilateral trade with Canada up by 54pc

Seminar on agriculture, agri-food products held in city

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UNB, Dhaka :
Bilateral trade between Bangladesh and Canada amounted to more than Canadian $1.8 billion in 2013, with agricultural commodities representing 68 percent of Canadian exports.
Bangladesh imported CAD $528 million worth of Canadian agricultural products, including wheat and lentils, in 2013, an increase of 54 percent over the previous year, according to Canadian High Commission in Dhaka.
Canada remains the world’s sixth largest exporter of wheat and it exports 2.7 percent of the total value of the world’s agriculture and agri-food exports. Bangladesh’s exports to Canada reached CAD $1.12 billion in 2013 — 95 percent was readymade garments.
The Canadian High Commission arranged a seminar on ‘Bangladesh-An Emerging Market for Alberta’s Agriculture and Agri Food Products’ in the city on Tuesday.
A delegation from the Alberta Agriculture and Rural Development Department, government of Alberta took part in the seminar making a technical presentation.
Canadian High Commissioner Heather Cruden said Canola oil is considered the heart healthiest oil in the world as certified by the US Food and Drug Administration and Health Canada.
It is also a source of high-quality feed and biofuel feedstock. Bangladesh can import Canadian canola seed to produce the oil locally, she said.
The diplomat also said besides canola, Canada is one of the top three wheat exporters on the planet, and the world’s largest producer of high-protein milling wheat.
Canada is a leader in innovation in agricultural commodities which is also of benefit to Bangladesh, said the envoy.
Grant Winton, Senior Director, government of Alberta, stressed that the province of Alberta is proud of its production of premium food products and looks forward to meeting and developing business links with the key players in Bangladesh’s agri-food industry.
Masudur Rahmen, President of CanCham Bangladesh, and Mohammad Shahjahan Khan, President of the Dhaka Chamber of Commerce and Industry were present as special guests.
Asia Agro International, a local canola oil importer, sponsored the initiative.
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