Bangladesh–Canada relations
Bangladesh–Canada relations are the foreign relations between Bangladesh and Canada established 1972.[1] Canada is represented through its High Commission in Dhaka and Bangladesh is represented through its High Commission in Ottawa.[2] They are members of the Commonwealth of Nations and the United Nations. Bangladesh currently receives ~$100 million from Canadian official development assistance per year as of January 2014.[3] It is estimated that around 1.5 million (2012) Bangladeshi people live in Canada,[4] primarily in cities like Toronto, Vancouver, Montreal, Calgary, Edmonton, and Ottawa.
Trade and Economic Cooperation
Bangladesh’s export-import business with Canada (2005-2015)[5]
| Year | Total Export (In million US$) | Total Import (In million US$) | Balance (In million US$) |
|---|---|---|---|
| 2005-06 | 408.78 | 128.00 | 280.78 |
| 2006-07 | 460.27 | 163.00 | 297.27 |
| 2007-08 | 539.38 | 315.72 | 223.66 |
| 2008-09 | 670.67 | 458.57 | 212.10 |
| 2009-10 | 672.49 | 593.21 | 79.28 |
| 2010-11 | 1005.55 | 549.93 | 455.62 |
| 2011-12 | 1008.55 | 549.93 | 455.62 |
| 2012-13 | 1106.69 | 533.61 | 573.08 |
| 2013-14 | 1113.83 | 572.80 | 541.03 |
| 2014-15(up to May 2015) | 1157.78 | - | - |
Canada - Bangladesh Bilateral Product trade 2011-2015[6]
| Year | Canadian Exports to Bangladesh | Canadian Imports from Bangladesh |
|---|---|---|
| 2011 | $552,546,481 | $1,063,919,239 |
| 2012 | $525,814,581 | $1,131,190,965 |
| 2013 | $660,482,939 | $1,191,356,532 |
| 2014 | $705,237,519 | $1,225,608,927 |
| 2015 | $904,062,220 | $1,481,361,244 |
| total between 2011 and 2015 | $3,348,143,740 | $6,093,436,907 |
Canada's Merchandise Trade with Bangladesh in 2015[7]
| Canadian Imports from Bangladesh | Canadian Exports to Bangladesh | |||
|---|---|---|---|---|
| Merchandise Classification | % of total imports | Merchandise Classification | % of total exports | |
| 1. | Woven clothing and apparel articles | 49.55 | Cereals | 40.11 |
| 2. | Knitted or crocheted apparel | 39.22 | Edible vegetables, roots and tubers | 27.29 |
| 3. | Other textile articles, etc. | 6.08 | Oil seeds and misc. fruit, grain, etc. | 16.25 |
| 4. | Headwear | 1.66 | Fertilizers | 7.98 |
| 5. | Footwear | 1.29 | Iron and steel | 4.44 |
| 6. | Leather articles | 0.34 | Boilers, mechanical appliances, etc. | 1.08 |
| 7. | Fish, crustaceans, molluscs | 0.30 | Optical, medical, scientific, technical instrumentation | 0.64 |
| 8. | Umbrellas, whips, walking-sticks | 0.27 | Woodpulp; paper or paperboard scraps | 0.54 |
| 9. | Furniture and stuffed furnishings | 0.21 | Wood and wood articles, charcoal | 0.42 |
| 10. | Ceramic products | 0.16 | Electrical machinery and equipment | 0.25 |
| % of Total imports from Bangladesh | 99.08 | % of Total exports To Bangladesh | 98.99 | |
| Bangladeshi imports as % of total Canadian imports | 0.28 | Bangladeshi exports as % of total Canadian exports | 0.19 |
Canada-Bangladesh Product Trade in 2015 [8]
| Section | Canadian Exports to Bangladesh | Canadian Imports from Bangladesh | |
|---|---|---|---|
| 1. | Animal & Prod. | $416,838 | $4,445,848 |
| 2. | Veg. Prod. | $753,822,607 | $1,348,037 |
| 3. | Fats, Oils & Waxes Prod. | $152,053 | $83,221 |
| 4. | Food Prod. | $1,021,707 | $2,262,070 |
| 5. | Mineral Prod. | $2,449 | $716 |
| 6. | Chemical Prod. | $73,877,793 | $1,643,820 |
| 7. | Plastics, Rubber Prod. | $826,152 | $1,597,192 |
| 8. | Leather, Fur Prod. | $16,191 | $5,043,130 |
| 9. | Wood Prod. | $3,746,972 | $218,744 |
| 10. | Paper Prod. | $5,756,002 | $119,549 |
| 11. | Textiles Prod. | $1,763,825 | $1,407,016,741 |
| 12. | Dress Access. | $69,441 | $47,998,048 |
| 13. | Glass & Stone Prod. | $3,614 | $2,429,653 |
| 14. | Precious Metals/stones | - | $13,851 |
| 15. | Base Metal Prod. | $40,412,312 | $79,460 |
| 16. | Mach. Mech. Elec. Prod. | $12,956,777 | $102,424 |
| 17. | Vehicles and Equip. | $2,437,621 | $25,966 |
| 18. | Specialized Inst. | $6,156,423 | $975,217 |
| 19. | Arms & Ammunition | $14,140 | - |
| 20. | Misc. Articles | $21,815 | $4,415,062 |
| 21. | Antiques | $35,050 | $104 |
Canada's commercial relationship with Bangladesh has grown dramatically over the last ten years (2003-2013). The value of bilateral merchandise trade has more than tripled going from $478 million in 2003 to nearly $1.7 billion in 2012.[9] During this period, Canadian merchandise exports to Bangladesh have more than quadrupled and Bangladesh has become the second largest source of Canadian merchandise imports from South Asia, after India. Canadian merchandise exports to Bangladesh were $525 million in 2012, down slightly from $552 million in 2011, while imports from Bangladesh were $1.1 billion in 2012, equal to 2011.
Canada's main exports to Bangladesh include cereals, vegetables, iron and steel, oilseeds, fertilizers, machinery and electronic equipment. Agri-food was the leading export sector from Canada to South Asia in 2012, making Bangladesh the second largest Canadian agri-food buyer in South Asia after India. The Canada-Bangladesh relationship is particularly important for the province of Saskatchewan. Saskatchewan's exports (mainly wheat, fertilizers and pulses) to Bangladesh have grown more than five-fold over the past 12 years, from $49 million in 2003 to $412.5 million in 2015.[10] In 2014 deal worth US$40 million was signed between Canadian Commercial Corporation and Bangladesh Agricultural Development Corporation for the potash export to Bangladesh. Saskatchewan Premier Brad Wall said “It provides Canpotex with new opportunities and access to a country that really needs our potash to boost its agricultural production and achieve its food security goals,”[11]
Canada's main imports from Bangladesh include knit apparel, woven apparel, miscellaneous textile articles, headgear, fish and seafood, and footwear. Canada is a bright spot for Bangladeshi apparel, with garments and textile products making-up the bulk of Canada's merchandise imports from Bangladesh. Bangladesh has enjoyed duty-free market access since 2003. Potential trading opportunities to explore include expanding Canadian imports of ready-made garments, porcelain, jute and quality jute good, ceramic tableware and kitchenware. Garments and textile products accounted for approximate 96% of Canada's merchandise imports from Bangladesh in 2012.[12]
Bangladesh mainly exports apparel products ($1.1 Billion by 2012[13]), frozen fish, plastic items, headwear, footwear, ceramic products, toys, games and sports equipment and furniture to Canada.
Bangladesh imports mainly red lentils, cereals, edible oil, oil seeds, miscellaneous fruit items, fertilizer, mechanical appliances, wood pulp, paper/paperboard, scraps, and optical, medical, scientific and technical instruments from Canada. Bangladesh is the second largest importer of Canadian food grains and other agricultural products in South Asia. Moreover, potential areas of trade from Bangladesh to Canada are shipbuilding, pharmaceuticals, leather and leather goods and IT. [14]
The volume of Bangladesh-Canada bilateral trade stood at US$2 billion in 2016[15] and aims to reach $5 billion by 2020.[16][17][18][19] Canadian High Commissioner Laramée said the new Canadian Prime Minister Justin Trudeau wanted to work with Bangladesh, especially on environment and climate change issues.[20] He also stated Canada's interest in working with Bangladesh on gender equality and in the health sector.[21][22] There are also opportunities for Canadian companies to invest in the areas of food and agro processing, IT and telecommunications, renewable energy, engineering, automotive,[23] shipbuilding, services and hospitality sectors.[24]
Defense cooperation
Canada exported $90,018 worth of electronic equipment to Bangladeshi military.[25]When? Military Training and Cooperation Program (MTCP) operates a number of training programs throughout the Asia-Pacific region, including Bangladesh.[26]
References
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- High Commission of Canada in Bangladesh
- High Commission of Bangladesh in Canada
- Foreign Affairs, Trade and Development Canada
Media related to Lua error in package.lua at line 80: module 'strict' not found. at Wikimedia Commons
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- ↑ http://www.canadainternational.gc.ca/bangladesh/bilateral_relations_bilaterales/index.aspx?lang=eng
- ↑ http://www.canadainternational.gc.ca/bangladesh/bilateral_relations_bilaterales/index.aspx?lang=eng
- ↑ http://www.cips-cepi.ca/2014/01/20/canada-and-bangladesh-beyond-rana-plaza/
- ↑ http://www.thedailystar.net/news-detail-250111
- ↑ http://www.bdhcottawa.ca/economy-and-trade/bangladesh-canada-export-import-statistics
- ↑ http://www.canadainternational.gc.ca/bangladesh/bilateral_relations_bilaterales/fs_bangladesh-bangladesh_fd.aspx?lang=eng
- ↑ https://www.asiapacific.ca/statistics/trade/bilateral-trade-asia-product/canadas-merchandise-trade-bangladesh
- ↑ http://www.canadainternational.gc.ca/bangladesh/bilateral_relations_bilaterales/fs_bangladesh-bangladesh_fd.aspx?lang=eng
- ↑ http://www.canadainternational.gc.ca/bangladesh/bilateral_relations_bilaterales/index.aspx?lang=eng
- ↑ http://in.reuters.com/article/bangladesh-canada-agriculture-idINL4N0VP09K20150215
- ↑ http://globalnews.ca/news/1286989/deal-signed-to-bring-saskatchewan-potash-to-bangladesh/
- ↑ http://www.canadainternational.gc.ca/bangladesh/bilateral_relations_bilaterales/index.aspx?lang=eng
- ↑ http://www.conferenceboard.ca/economics/hot_eco_topics/default/13-05-03/how_canada_welcomed_bangladeshi_clothing_imports.aspx
- ↑ http://www.bdhcottawa.ca/bilateral-relations/trade-relations
- ↑ http://www.asianews.network/content/bangladeshs-bilateral-trade-canada-crosses-us2b-17438
- ↑ http://economictimes.indiatimes.com/news/international/business/bangladesh-aims-to-boost-trade-with-canada-to-5-billion-by-2020/articleshow/46245299.cms
- ↑ http://www.yarnsandfibers.com/news/textile-news/bangladesh-increase-their-two-way-trade-canada-5-billion-2020
- ↑ http://news.apparelresources.com/trade-news/bangladesh-canada-look-reaching-us-5-billion-two-way-trade-2020/
- ↑ http://www.samakal.net/2016/05/19/5835
- ↑ http://bdnews24.com/bangladesh/2014/12/10/canada-names-benot-pierre-laramee-new-high-commissioner-to-bangladesh
- ↑ http://bdnews24.com/bangladesh/2014/12/10/canada-names-benot-pierre-laramee-new-high-commissioner-to-bangladesh
- ↑ http://bdnews24.com/bangladesh/2016/01/18/hasina-emphasises-direct-flights-between-bangladesh-and-canada
- ↑ http://www.newstoday.com.bd/index.php?option=details&news_id=2442899&date=2016-05-20
- ↑ http://www.bdhcottawa.ca/bilateral-relations/trade-relations
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
