Canada keen to expand sustainable investment in BD
Business Desk :
Canada has expressed keen interest in expanding sustainable trade and investment ties with Bangladesh, as part of its commitment to fostering inclusive growth across the Indo-Pacific region.
Weldon Epp, Assistant Deputy Minister (ADM) for the Indo-Pacific at Global Affairs Canada, is currently on his first official visit to Bangladesh, engaging in a series of meetings with government officials, business leaders, and development partners.
During his visit, ADM Epp held discussions with Commerce, Civil Aviation and Tourism Adviser Sheikh Bashir Uddin and Foreign Secretary Asad Alam Siam focusing on boosting partnerships to drive sustainable growth and innovation, with particular emphasis on agriculture, clean technology, and investment opportunities in Bangladesh, reports BSS.
Canada, which is a significant trading partner of Bangladesh, saw bilateral trade reaching USD 3.27 billion (BDT 27,537 crore) in 2024.
Ottawa remains a reliable partner in Bangladesh’s journey towards LDC graduation, democratic governance, and shared prosperity, Canadian High Commission said here.
ADM Epp visited the Dhaka office of Gildan, Canada’s largest investor in Bangladesh since 2010, which currently operates three factories and a distribution hub employing over 9,000 Bangladeshis.
His visit focused on exploring ways to boost Canadian investments that contribute to quality job creation in both countries, said the high commission on Tuesday.
Highlighting Canada’s commitment to strengthening Bangladesh’s health sector, ADM Epp visited icddr,b, a long-term Canadian partner known for its low-cost, high-impact health innovations.
Canada’s new CAD 15 million core funding will support icddr,b’s initiatives aimed at improving the health of vulnerable communities in Bangladesh and beyond.
