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13 December, 2015 11:35:57 PM / LAST MODIFIED: 13 December, 2015 11:39:02 PM
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Canada keen to increase bilateral trade with Bangladesh, says envoy

STAFF REPORTER, Ctg
Canada keen to increase bilateral trade with Bangladesh, says envoy

Canada is keen to increase bilateral trade between Bangladesh and Canada, to boost up bilateral trade and investment and to utilise the opportunity of investment in Chittagong, initiative will be taken to encourage Canadian investors, said Benoit-Pierre Laramee, high commissioner of Canada in Bangladesh in a press briefing at Chittagong yesterday. After visiting the unloading activities of Government to Government imported Potash for Bangladesh Agriculture Development Corporation (BADC) at outer anchorage of Bay of Bengal he briefed the reporters at Boat Club. He also said that this year a total of 1, 20,000 metric tons of Potash was imported from Canada for distributing among the Bangladeshi farmers.
“We see that all the opportunity of investment in Chittagong, all the opportunity of investment here, Canada is a liberal economy, we are promoting this, we see the opportunity, and will encourage Canadian investors to invest here,” said Benoit-Pierre Laramee. Bangladesh is importing Potash from Canada from 1973; After 20 years of no shipments, in 2012 Canpotex, a Canadian company resumed delivery of Canadian Potash to Bangladesh through private sector importers.
A government to government contact was signed in 2014 between Canadian Commercial Corporation (CCC) and BADC. Canadian potash is primarily used in Bangladesh as a fertilizer for rice, wheat and maize, potato, and jute crops, often applied directly to the soil by hand. “Canpotex is doing some sort of capacity building with the farmers, they are teaching the farmers how to better use fertilizers and training to increase their crops,” added, Benoit-Pierre Laramee.
“This year this is the fourth vessel which was imported, we hope in future year it will increase. The pip of Potash is large; while it is being used in land, it is being dust in less compare to other fertilizers, said Md Kamal Uddin. In the press briefing Md Kamal Uddin,  Mazhar Islam, director, Dragon Fertilizer Limited marketing agent of Canpotex in Bangladesh and Humayun Kabir Patwary, managing director of Park Shipping Line, shipping agent of Canpotex were present among others.

 

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Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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