Sign deals now for continued duty privilege to Canada
The Canada-Bangladesh Joint Working Group (JWG) has suggested the government for signing new business deals with Canada as the preferential duty privilege provided by the North American country comes to an end next year.
The general preferential tariffs with Canada will expire in 2023, said the JWG.
For continuing the duty-free access to Canadian market, the Canada-Bangladesh Joint Working Group on Strengthening Commercial Relations urged the Bangladesh government to complete negotiations on a new agreement by this time.
The committee came up with this call during the meeting virtually held on Wednesday night.
During the meeting, Canadian Co-Chair Nuzhat Tam-Zaman recommended launching an annual Canada-Bangladesh Forum as a launching pad for the JWG.
The recommendations from Canada include easier visa processing, electronic visa for Bangladeshis, branding the development stories of Bangladesh to Canadian investors and forming Canada Bangladesh cross-border e-commerce platform.
Md Jashim Uddin, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), said Bangladesh Investment Development Authority (BIDA) is providing a number of services through One-Stop Service platform.
Doing business in Bangladesh is easier now. Hence, the FBCCI chief called the Canadian entrepreneurs to invest in Bangladesh.
Agriculture and technology are the sectors with the most potential, he informed.
Bangladesh High Commissioner to Canada Khalilur Rahman informed that the foreign ministry is working to ease the Canadian visa processing for Bangladesh.
Masud Rahman, president of Canada Bangladesh Chamber of Commerce and Industry, suggested establishing a 100- acre Canadian industrial zone in Bangabandhu Industrial City to attract the Canadian investors.
He proposed establishing Canadian visa office in Dhaka, signing investment promotion and protection agreements, FTA and forming a consultative committee in a report submitted in the meeting.
Canadian High Commissioner to Bangladesh Lilly Nicholls suggested identifying the obstacles for Canadian companies to invest in Bangladesh.
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