Govt looks to double exports to Canada

The govt options to double Bangladesh’s exports to Canada in the future a few a long time by boosting the shipments of merchandise produced by tiny-and-medium enterprises, particularly jute goods, in accordance to a press launch.

“Bangladesh at this time earns about $1 billion from exports to Canada and we want to raise this even more,” Commerce Minister Tipu Munshi reported yesterday.

As Canada not long ago banned the use of plastic goods, it could guide to higher exports for Bangladesh.

“This is since our jute goods could serve as an choice to plastic items in the place,” he added.

Bangladeshi exports to Canada amounted to about $1 billion in fiscal 2019-20, down 25 per cent from $1.33 billion the preceding year, knowledge from the Export Promotion Bureau (EPB) reveals.

Munshi produced these responses though addressing an celebration marking the productive completion of the period-1 of the ‘Export Launchpad Bangladesh’ project.

The Export Launchpad Bangladesh is a specialized guidance undertaking which consists of a educate-the-trainers exercise and aims to consolidate the knowledge of theoretical and useful areas of intercontinental trade, the press release claimed.

Twenty-nine Bangladeshi trade gurus ended up awarded certificates at the function.  

The International Islamic Trade Finance Corporation (ITFC), the Trade Facilitation Place of work Canada (TFO Canada) and the Company Promotion Council (BPC) of Bangladesh are collaborating on the project.

LightCastle Partners, a regional small business consultancy agency, organised the event at Amari Hotel in Gulshan.     

“This challenge will bolster our development in boosting the global trade capacities of our member nations around the world, which has develop into additional important than at any time in see of the ongoing pandemic,” stated Hani Salem Sonbol, CEO of ITFC.

With the arrival of the Covid-19, the delivery of the programme was productively modified to be a digital-primarily based schooling, investing in exporter instruction and intercontinental industry obtain of the Bangladeshi SMEs, he added.

By this programme, TFO Canada brought internationally skilled sector and subject matter subject industry experts to layout and produce exceptional export-readiness instruction, mentioned Steve Tipman, govt director of TFO Canada.

“Presented the worries we confronted with Covid-19, our collaboration with 9 TSIs of the Export Launchpad Bangladesh venture was even much more outstanding and will end result in Bangladeshi SMEs increasing and diversifying their exports, thus contributing to inclusive and sustainable economic growth of the country,” Tipman mentioned.

In phase II, there will be Gender Equality and Social Inclusion workshops for TSIs, sector research and sector entry education and technical assistance for Bangladeshi SME exporters to strengthen their entry to targeted intercontinental markets.

The ultimate goal for the Export Launchpad application is to contribute to sustainable financial development, aimed at lowering poverty in Bangladesh through boosting capacities to capitalise on chances in world wide trade, according to a statement.

The awarded officials are from the Bangladesh International Trade Institute, Organization Marketing Council, Brac Lender, City Bank, Dhaka Chamber of Commerce and Business, Export Marketing Bureau, SME Foundation, Gals Entrepreneur Affiliation of Bangladesh and Females Entrepreneur Community for Advancement.         

They were picked adhering to a schooling programme from July to Oct this year.            

They will now act as trainers by delivering guidance and help to SMEs about the expansion of trade and getting access to worldwide markets. 

Khalilur Rahman, Bangladesh’s Superior Commissioner to Canada AHM Shafiquzzaman, coordinator of the Company Advertising Council and AHM Ahsan, an supplemental secretary of the ministry, also spoke at the occasion.

Benoit Préfontaine, Canadian Higher Commissioner to Bangladesh, tackled the occasion as a result of a electronic platform.