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27 May 2022

Business Insider Bangladesh

Canada wants to export Canola oil to Bangladesh

BI Report || BusinessInsider

Published: 18:12, 11 May 2022  
Canada wants to export Canola oil to Bangladesh

Graphics: Business Insider Bangladesh

Lilly Nicholls, High Commissioner of Canada in Dhaka, said Bangladesh can import canola oil from her country to meet the local demands.

She told this at a meeting with Commerce Minister Tipu Munshi on Wednesday at the latter’s office.

The Canadian envoy also said the Trading Corporation of Bangladesh can import canola oil under a government-to-government deal.

Lilly Nicholls said canola oil, which is made from crushed canola seeds, is one of the best oils for heart health.

Replying to her, the commerce minister urged Canada to explore opportunities for setting up a factory to produce canola oil in Bangladesh.

Tipu Munshi said, “Canada can export canola oil to neighbouring countries after meeting local demands of Bangladesh.”

Mentioning that the quantity of export to Canada is climbing, he said, “Bangladesh exported goods worth $1070.58 million to Canada in the first nine months of the current fiscal 2021-22, while imported goods worth $428.86 million from the country.” 

Admiring the RMG sector of Bangladesh, Lilly Nicholls said, “RMG products from Bangladesh have a huge market in Canada.”

Noting that Bangladesh is in the second position on RMG export in the global market, Tipu Munshi said, “Bangladesh owns nine of the first 10 factories receiving Green Factory Certificate by the US Green Building Council.”

The workers at RMG factories in Bangladesh enjoy safe and employee-friendly working environments, he added.