Canada Bangladesh Chamber of Commerce and Industry President Masud Rahman who delivered the keynote address, said, “RMG contributes about 95 per cent of Bangladesh's exports to Canada.” Higher exports to Canada would significantly help Bangladesh achieve its target to export garments worth $50 billion by 2021, he said.
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 #
He underlined that bilateral trade between Canada and Bangladesh would reach to $5 billion by 2021. To achieve this target, diversification of export both in terms of products and destination is crucial, he added.
Roger Hubert, regional head of Swedish retail giant H&M for Bangladesh and Pakistan, said the export trend of garments from Bangladesh to Canada shows that it would be able to cross $5 billion by 2020.
However, Bangladesh needs to focus on saving the environment in the production of textiles and garments, he added. (SH)
ALCHEMPro News Desk – India
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