Canada, Bangladesh agree to start mechanism to diversify, expand trade

30 Oct '23

1 min read

Pic: Adobe Stock

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At the fifth Bangladesh-Canada Foreign Office Consultations in Ottawa recently, both the nations agreed to initiate a mechanism to explore ways to diversify and expand bilateral trade, which now stands at only about $2.5 billion.
The two sides also discussed global and regional issues, including climate change, economic cooperation, and trade and investment.

At the fifth Bangladesh-Canada Foreign Office Consultations (FOC) in Ottawa recently, both the nations agreed to initiate a mechanism to explore ways to diversify and expand bilateral trade, which now stands at only about $2.5 billion.

The two sides also discussed various global and regional issues, including climate change, peace and security, economic cooperation, trade and investment, and transnational crime.

Bangladesh foreign secretary Masud Bin Momen led the Bangladesh side, while the Canadian delegation was led by Weldon Epp, assistant deputy minister for Asia Pacific at Global Affairs Canada, responsible for advancing Canada’s international relations.

The two countries agreed to work on elevating the relations to the next level, Bangladesh media outlets reported.

ALCHEMPro News Desk (DS)

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