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Trade body leaders want more Canadian investment
DHAKA, Mar 5 (BSS) - Leaders of different trade bodies today called upon the visiting Canadian businessmen to invest more in Bangladesh's prospective sectors like garments, agriculture, agro-processing, food-processing, IT, construction, telecom and tourism.

Speaking at a seminar titled 'Business Development opportunities in Bangladesh' here, they said both Bangladesh and Canada could boost two-way trade by utilizing the advantage of earlier's trained and cheap labour force.

Dhaka Chamber of Commerce and Industry (DCCI) and Canada Bangladesh Chamber of Commerce and Industry (CanCham) jointly organized a seminar at the city's Hotel Sonargaon, said a DCCI release.

The seminar was organized on the sidelines of the concluding
session of the two-day Canada Showcase-2012.

President of International Chamber of Commerce, Bangladesh
(ICCB) Mahbubur Rahman chaired the seminar.

DCCI Directors Waqar Ahmad Choudhury, ASM Mohiuddin Monem, Khairul Majid Mahmud, Osama Taseer and former President M A Momen took part in the open discussion while DCCI Directors KMN. Manjurul Hoque, Abul Hossain, Mohd Iftekharuddin (Naushad), KG Karim, Absar Karim Chowdhury and Hossain A Sikder were also present.

CanCham president Masud Rahman, giving the welcome speech, said that Bangladesh has huge prospect for Canadian investment. The bilateral trade volume between Bangladesh and Canada is on the rise, he added.

Mahbubur Rahman said that Bangladesh needs foreign direct investment (FDI) and more trade.

He emphasized on diversification of exportable items of Bangladesh to Canada. "Considering consideration of a large number of populations, we need to increase our production base," he added.

President of Metropolitan Chamber of Commerce and Industry (MCCI) Maj Gen Amjad Khan Chowdhury (Retd) said Bangladesh belongs to a large market size. Bangladesh's institutional capacity and legal framework are favourable for investment, said the he informed.

He welcomed the Canadian business delegation to invest in
Bangladesh utilizing trained and cheap labour force. He also said
that Agro-processing, Horticulture and Dairy could be the attractive sectors of Bangladesh for Canadian investors.

President of American Chamber of Commerce in Bangladesh (AmCham) Aftab ul Islam said Bangladesh has strong geographical advantage.

He also said that Bangladesh is surrounded by three emerging
market like India, China and other ASEAN countries. He invited
the Canadian investors and entrepreneurs to invest in the IT enabled services in Bangladesh.

DCCI President Asif Ibrahim said that 2012 has been marked the 40th anniversary of Canada Bangladesh relation.

He informed the Canadian trade delegation that Bangladesh has trainable, enthusiastic, hardworking and low-cost labour force suitable for any labour intensive industry. He invited the Canadian investors to take the opportunities to establish 100 per cent ownership investment or joint venture projects.

Chief Executive Officer of Saskatchewan Chamber of Commerce, Canada Steve McLellan said that both the countries could share expertise of Canada on agriculture, technology and municipal management. He also stressed on enhancing Chamber to Chamber
relation and know-how.

Senior Research Fellow of Centre for Policy Dialogue (CPD) Dr Golam Moazzem presented the keynote paper where he showed that the business pattern of Bangladesh is turning into manufacturing industry.

He said that there is investment opportunities in the food, RMG, Agriculture, Agro-processing, IT, construction, telecom, tourism sectors of Bangladesh.

He also said that the investment climate of Bangladesh is also favourable to any foreign investors.

He urged upon the Canadian investors to increase investment in Bangladesh. He also called upon the trade delegation of Canada
to take opportunities of Bangladesh's different trade support
policies, and incentives to invest in this country.
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