Canadian High Commissioner Lilly Nicholls mentioned the proposal with Commerce Minister Tipu Munshi at his workplace on Wednesday.
According to the Canola Council of Canada, an trade affiliation, the official definition of canola is “Seeds of the genus Brassica”. Brassica is a genus of plants in the cabbage and mustard family.
Expressing her authorities’s eagerness to improve commerce with and funding in Bangladesh, Nichols mentioned Bangladesh has the choice to import enough canola oil from Canada.
She provided Ottawa’s help for the import of canola oil by means of the Trading Corporation of Bangladesh beneath a government-to-government deal.
Tipu mentioned Canada can set up crops in Bangladesh to produce canola oil. “Healthy canola oil may get popular in Bangladesh.”
“If Canada establishes canola oil plants in Bangladesh’s Special Economic Zones, it can also export to the neighbouring countries and make profit after meeting Bangladesh’s demand.”
He mentioned the federal government has introduced funding packages with particular amenities. Therefore, Canada can be ready to make revenue if it invests in Bangladesh.
He additionally proposed to export potato to Canada and sought Canada’s assist in analysis on such agricultural merchandise.
Bangladesh exported items value $1.07 billion to Canada within the first 9 months of the continued fiscal 12 months and its imports from Canada on this interval stood round $430 million.
Nichols famous that Bangladesh’s clothes have an important demand in Canada.
Canada offers to export canola oil to Bangladesh & More Latest News Update
Canada offers to export canola oil to Bangladesh & More Live News
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Canada offers to export canola oil to Bangladesh & More News Today
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