Canadian investors can benefit from investing in Mirsarai: Commerce adviser

Canadian businesses can make profit by investing in the Mirsarai Economic Zone in Chattogram, which offers long-term land allocation for industrial use, Commerce Adviser SK Bashir Uddin has said.

He said this during a meeting with the Indo-Pacific trade delegation from Canada led by Canadian Indo-Pacific Trade Representative Paul Thoppil today (4 May) at the commerce ministry in Dhaka.

During the discussion, both sides explored ways to enhance bilateral trade, investment, and cooperation.

Emphasising the potential for expanding trade and investment between Bangladesh and Canada, Bashir said a "win-win" business relationship would benefit both countries.

The adviser urged Canada to increase investment in Bangladesh, noting that the country has a significant demand for renewable energy.

Canadian trade representative Paul Thoppil described Bangladesh as one of Canada's key trading partners and a major buyer of Canadian goods, particularly in the readymade garments sector.

He highlighted the need to activate the joint working group and prioritise the signing of an air service agreement to facilitate greater trade between the two countries.

Thoppil further noted Canada's keen interest in investing in several key sectors in Bangladesh, including information technology, agriculture, livestock and dairy products, renewable energy, airport modernisation, the development of cargo villages, and international-standard hotel construction to support the tourism industry.

Canadian High Commissioner to Bangladesh Ajit Singh, Senior Trade Commissioner Debra Boyce, and Commerce Secretary Md Mahbubur Rahman were also present at the meeting.