Home / Knowledge / News / Apparel/Garments / RMG key pillar of Canada-Bangla trade: Canadian envoy
RMG key pillar of Canada-Bangla trade: Canadian envoy
May '16
Courtesy: Dhaka Chamber of Commerce & Industry
Courtesy: Dhaka Chamber of Commerce & Industry
Canadian high commissioner to Bangladesh Benoit-Pierre Laramee has said that the garment sector is one of the key pillars of the relations between the two countries with many of the largest Canadian apparel retailers sourcing products from Bangladesh.

He was speaking at an event entitled 'Celebration of $2 billion worth of trade between Bangladesh and Canada in 2015' jointly hosted by CanCham Bangladesh and Canada in Dhaka on Thursday.

Businesses at the discussion stressed that diversifying products and export destinations are vital for Bangladesh to attain the target of $50 billion exports within 2021.

Laramme underscored the need for enhancing business to business linkage between the business communities of the small and medium enterprise of Canada and Bangladesh to make a breakthrough in their trade relation.

The Canadian envoy was optimistic that the trade volume would rise soon from $2 billion to $3 billion. “As Bangladesh develops, our bilateral relationship is shifting from aid to trade. Canada remains a significant provider of development assistance to Bangladesh, but increasingly this assistance is focused on strengthening Bangladesh's ability to compete in the global economy. The remarkable rise in our bilateral trade over the past 15 years shows that this shift is happening quickly.”

He said Canada wants to see more prosperity and development of Bangladesh's RMG sector and that his country would continue its assistance to Bangladesh's RMG sector to ensure workers' safety.

Canada contributes eight million Canadian dollars to the International Labour Organisation to help the Bangladesh government build its capacity to ensure that workplaces are safe.

Earlier this year, Canada joined the Sustainability Compact, which Bangladesh had signed with the EU after the Rana Plaza building collapse, committing to responsible business behaviour.

In his welcome address Hossain Khaled, President, Dhaka Chamber of Commerce and Industry (DCCI) said Canada is the 7th largest single market export destination of Bangladesh which has become possible due to continuous GSP facility extended to enhance our access to Canadian market during the last decade. He also pitched for more Canadian investment in Bangladesh.

“The export of Bangladesh to Canada is worth of $1.4 billion against the import of $0.6 billion. Despite Bangladesh and Canada enjoying healthy trade growth, Canadian investment in Bangladesh is still very insignificant,” he said. He also invited Canadian investors to invest in agriculture, jute, pharmaceuticals, ship-building, ICT and automotive sector of Bangladesh.

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search