DHAKA, Jan 12, 2024 (BSS) - The Federation of Bangladesh Chambers of Commerce
and Industries (FBCCI), the apex trade body of the country, will work with
the Canadian Hindu Chamber of Commerce (CHCC) to enhance bilateral trade
between both the countries.

FBCCI will provide all kinds of support to Canadian investors interested in
investing in Bangladesh.

FBCCI President Mahbubul Alam expressed this during a networking dinner with
the CHCC on Thursday night (January 11, 2024), at Hotel Sheraton in the
capital, said a press release here today.

FBCCI hosted the networking dinner in honor of the visiting delegation of the
Canadian Hindu Chamber. Businessmen and Entrepreneurs from Bangladesh and
Canada also participated in a Business-to-Business (B2B) meeting before the
networking dinner.

While speaking, the FBCCI President called upon the Canadian Hindu Business
Community to invest in Bangladesh.

He mentioned that the Government of Bangladesh has enacted a favorable
investment policy with tax exemptions, duty drawbacks, access to working
capital, one-stop services, and many more to attract local and foreign
investors.

Key development initiatives include deep-sea ports, 100 Special Economic
Zones, Hi-Tech parks, tourism parks, nuclear power plants, LNG terminals, and
the construction of a railway network, he added.

Mahbubul Alam said: "This year marks the 52 years of Bilateral Relations
between Canada and Bangladesh. During these years, Canada has become the key
development partner of Bangladesh and shares a number of multilateral
interests, including trade liberalization in the WTO, support for
international peacekeeping and membership in the United Nations and the
Commonwealth."

He invited Canadian entrepreneurs to invest in Special Economic Zones,
Logistics, Renewable Energy, Aviation and Shipping, High-Tech RMG,
diversified Jute and leather products, and the tourism sector in Bangladesh.

FBCCI President said there is a huge scope for expanding Bangladesh's exports
to Canada, including diversified jute and leather goods, footwear,
pharmaceutical products, plastic furniture, home textiles, ceramic products,
light engineering, and electronic products, etc.

Under the visionary leadership of Prime Minister Sheikh Hasina, Bangladesh's
economy has progressed a lot. Bangladesh is now considered one of the leading
business and investment destinations in South and Southeast Asia, he added.

The President of CHCC Nareshkumar Narayanbhai Chavda praised Bangladesh's
development in recent years.

Bangladesh and Canada have enjoyed a tremendous business relationship over
the years, he said, adding: "There are many good opportunities between
Bangladesh and Canada. Like FBCCI in Bangladesh, CHCC also has vast
membership in Canada. Both the FBCCI and CHCC can utilize this opportunity to
enhance business between the two countries."

He also invited the FBCCI business leaders to visit Canada.

FBCCI senior vice-president Md. Amin Helaly, vice-presidents Md. Khairul Huda
Chopol, Mohammad Anwar Sadat Sarker, Dr. Joshoda Jibon Deb Nath, Md. Munir
Hossain, FBCCI Directors, and business dignitaries were present, among
others, at the programme.