Bangladesh–Canada relations

Bangladesh–Canada relations

Bangladesh
Canada
Canadian embassy in Dhaka, Bangladesh.

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.

The bilateral relation between Bangladesh and Canada is traditionally friendly, and has grown over the last forty-three years. The political relations between the two countries date back to the time of the emergence of Bangladesh as an independent country. The Canadian Government, people and media expressed support and sympathy for Bangladesh’s War of Independence in 1971. Canada was one of the first few countries that recognized Bangladesh immediately after the independence (14 February 1972). Eventually Bangladesh accredited its first High Commissioner to Canada in May 1972, and Canada reciprocated in September 1973. Since then there has been a steady development of relations between the two countries. The political relationship is, therefore, supportive and cooperative drawing upon shared links in the Commonwealth and various UN bodies.[5]

Based upon shared values of democracy, freedom, human rights and rule of law, the bilateral relations are focused on trade and investment, regional security, development cooperation, immigration and people to people contact. As a major development partner of Bangladesh, since its independence in 1971, Canada’s early development efforts involved reconstruction and rehabilitation, and then gradually moved into governance and rural development, especially in the field of agriculture, water management, primary education and health. Canada has always been appreciative of the firm commitment of Bangladesh to promote democracy and women empowerment. Canadian Government has also been engaged in socio-economic development in Bangladesh through various projects of Canadian International Development Agency (CIDA).[6]

Trade and Economic Cooperation

Bangladesh's export-import business with Canada (2005-2015)[7]

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[8]

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[9]

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 [10]

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

Commercial relationship between Canada and 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.[11] 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.[12] 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,"[13]

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.[14]

Bangladesh mainly exports apparel products ($1.1 Billion by 2012[15]), frozen fish, plastic items, headwear, footwear, ceramic products, toys, games and sports equipment and furniture to Canada. In 2007, Bangladesh's exports to Canada were $506 million, which rose to $611 million in 2008, $706 million in 2009, $813 million in 2010, $1.078 billion in 2011,[16] and $1.1 billion in 2014.[17] Canada ranks as its sixth largest export destination. Thus, the issue of sustainability of exports to Canada in future years is an important one for Bangladesh.[18]

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.[19]

The volume of Bangladesh-Canada bilateral trade stood at US$2 billion in 2016[20][21] and aims to reach $5 billion by 2020.[22][23][24][25] Canadian High Commissioner Laramée said the new Canadian Prime Minister Justin Trudeau wanted to work with Bangladesh, especially on environment and climate change issues.[26] He also stated Canada's interest in working with Bangladesh on gender equality and in the health sector.[27][28] There are also opportunities for Canadian companies to invest in the areas of food and agro processing, IT and telecommunications, renewable energy, engineering, automotive,[29] shipbuilding, services and hospitality sectors.[30]

Defense cooperation

Canada exported $90,018 worth of electronic equipment to Bangladeshi military.[31]When? Military Training and Cooperation Program (MTCP) operates a number of training programs throughout the Asia-Pacific region, including Bangladesh.[32]

References

  1. ↑ http://www.canadainternational.gc.ca/bangladesh/bilateral_relations_bilaterales/index.aspx?lang=eng
  2. ↑ http://www.canadainternational.gc.ca/bangladesh/bilateral_relations_bilaterales/index.aspx?lang=eng
  3. ↑ http://www.cips-cepi.ca/2014/01/20/canada-and-bangladesh-beyond-rana-plaza/
  4. ↑ http://www.thedailystar.net/news-detail-250111
  5. ↑ http://www.bdhcottawa.ca/bilateral-relations/political-relations
  6. ↑ http://www.bdhcottawa.ca/bilateral-relations/political-relations
  7. ↑ http://www.bdhcottawa.ca/economy-and-trade/bangladesh-canada-export-import-statistics
  8. ↑ http://www.canadainternational.gc.ca/bangladesh/bilateral_relations_bilaterales/fs_bangladesh-bangladesh_fd.aspx?lang=eng
  9. ↑ https://www.asiapacific.ca/statistics/trade/bilateral-trade-asia-product/canadas-merchandise-trade-bangladesh
  10. ↑ http://www.canadainternational.gc.ca/bangladesh/bilateral_relations_bilaterales/fs_bangladesh-bangladesh_fd.aspx?lang=eng
  11. ↑ http://www.canadainternational.gc.ca/bangladesh/bilateral_relations_bilaterales/index.aspx?lang=eng
  12. ↑ http://in.reuters.com/article/bangladesh-canada-agriculture-idINL4N0VP09K20150215
  13. ↑ http://globalnews.ca/news/1286989/deal-signed-to-bring-saskatchewan-potash-to-bangladesh/
  14. ↑ http://www.canadainternational.gc.ca/bangladesh/bilateral_relations_bilaterales/index.aspx?lang=eng
  15. ↑ http://www.conferenceboard.ca/economics/hot_eco_topics/default/13-05-03/how_canada_welcomed_bangladeshi_clothing_imports.aspx
  16. ↑ http://www.thedailystar.net/news-detail-250111
  17. ↑ http://asiaperspectives.com/2015/11/05/bangladeshs-exports-to-canada-part-1/
  18. ↑ http://asiaperspectives.com/2015/11/05/bangladeshs-exports-to-canada-part-1/
  19. ↑ http://www.bdhcottawa.ca/bilateral-relations/trade-relations
  20. ↑ http://www.asianews.network/content/bangladeshs-bilateral-trade-canada-crosses-us2b-17438
  21. ↑ http://www.thedailystar.net/business/trade-canada-crosses-2b-1226728
  22. ↑ http://economictimes.indiatimes.com/news/international/business/bangladesh-aims-to-boost-trade-with-canada-to-5-billion-by-2020/articleshow/46245299.cms
  23. ↑ http://www.yarnsandfibers.com/news/textile-news/bangladesh-increase-their-two-way-trade-canada-5-billion-2020
  24. ↑ http://news.apparelresources.com/trade-news/bangladesh-canada-look-reaching-us-5-billion-two-way-trade-2020/
  25. ↑ http://www.samakal.net/2016/05/19/5835
  26. ↑ http://bdnews24.com/bangladesh/2014/12/10/canada-names-benot-pierre-laramee-new-high-commissioner-to-bangladesh
  27. ↑ http://bdnews24.com/bangladesh/2014/12/10/canada-names-benot-pierre-laramee-new-high-commissioner-to-bangladesh
  28. ↑ http://bdnews24.com/bangladesh/2016/01/18/hasina-emphasises-direct-flights-between-bangladesh-and-canada
  29. ↑ http://www.newstoday.com.bd/index.php?option=details&news_id=2442899&date=2016-05-20
  30. ↑ http://www.bdhcottawa.ca/bilateral-relations/trade-relations
  31. ↑ "Report on Exports of Military Goods from Canada". Global Affairs Canada. January 21, 2011. Retrieved September 27, 2015.
  32. ↑ "Canada's Defence Relations in the Asia-Pacific Region". The Department of National Defence and the Canadian Armed Forces. November 21, 2014. Retrieved September 27, 2015.

External links

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