CanCham Bangladesh calls for FIPA to facilitate FDI inflow from Canada

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The Canada Bangladesh Chamber of Commerce and Industry (CanCham Bangladesh) has requested signing of a bilateral foreign investment protection agreement (FIPA) to facilitate the foreign direct investment (FDI) inflow from Canada to Bangladesh. Meanwhile, Bangladesh foreign minister AK Abdul Momen called on Canadian investors to invest in his country.

CanCham Bangladesh, which celebrated 50 years of bilateral relations in Dhaka recently, also sought a 100-acre plot in Bangabandhu Special Economic Zone (SEZ) for setting up a Canadian Industrial Zone.

The Canada Bangladesh Chamber of Commerce and Industry (CanCham Bangladesh) has requested signing of a bilateral foreign investment protection agreement (FIPA) to facilitate the foreign direct investment (FDI) inflow from Canada to Bangladesh. Meanwhile, Bangladesh foreign minister AK Abdul Momen called on Canadian investors to invest in his country.

CanCham Bangladesh president Masud Rahman said FDI into Bangladesh reached $3.61 billion in 2019 and FDI inflows rose by 37 per cent year on year to $3.43 billion in fiscal 2021-22, according to Bangladeshi media reports.

He also stressed that a bilateral free trade agreement (FTA) should be signed to promote and expand trade, exploring all the potential provinces of Canada.

Fibre2Fashion News Desk (DS)


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