Bangladesh offers free or preferential trade agreement to Canada: FM Momen

Bangladesh Foreign Minister has expressed Bangladesh's willingness to form a free or preferential trade agreement (PTA) with Canada. He made the statement during a virtual meeting between Foreign Minister Dr AK Abdul Momen MP and Canadian Minister for International Development Harjit Sajjan on 14 February, on the 50th Anniversary of the establishment of diplomatic ties between the two nations. The two ministers discussed a wide range of issues encompassing Rohingya crisis, Bangladesh's graduation from LDC status, and promotion of bilateral trade and investment, reads a press release. Noting that Canada and Bangladesh are enjoying very close and congenial relations, the two ministers underscored that two countries need to further consolidate the bilateral ties. In the area of economic cooperation, the two ministers agreed that the recently established joint working group namely "Blue Ribbon" and assembling private sector representatives of two countries would positively contribute in promoting trade and investment. Foreign Minister Momen, depicting the huge opportunity of investment in 100 Special Economic Zones and 28 High Tech Parks in Bangladesh as well as young and energetic workforce and lucrative investment package, urged for larger Canadian investment, reads the statement. In this connection, Bangladesh Foreign Minister mentioned ICT as an emerging area in Bangladesh, and opined that Canada may make investment in this sector also. Bangladesh foreign minister depicted the socio-economic progress Bangladesh has achieved in the last one decade.

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