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Canada Showcase starts Sunday

Star Business Report
Canada Showcase 2012 will begin in Dhaka on Sunday for the second time in Bangladesh, aiming to expand bilateraltrade.
The High Commission of Canada and Canada Bangladesh Chamber of Commerce and Industry (CanCham) will jointly organise the two-day fair where a number of Canadian organisations will showcase their products at Sonargaon Hotel.
Heather Cruden, Canadian high commissioner in Bangladesh, yesterday briefed reporters on the upcoming exhibition at a press conference.
Cruden said a total of 31 organisations, including local and Canadian companies, are going to set their booths at the event.
The fair will feature busi-ness-to-business meetings and a series of seminars on topics like export diversification, renewable energy for a better Bangladesh, Canadian agricultural products and the outsourcing sector.
Canada’s commercial relationship with Bangladesh has grown dramatically in the last few years, said the high commission chief.
The value of two-way merchandise trade more than doubled from $624 million in 2006 to $1.63 bil-
lion in 2010, she added.
Bangladesh is now the second largest exporter to Canada from South Asia, after only India, she added.
Canada's main merchandise imports from Bangladesh include woven apparel, knit apparel, miscellaneous textile articles, headgear, fish and seafood and footwear. More than 95 percent of imports are textiles and textile related products.
Canada's main exports to Bangladesh include cereals, pulses, oilseeds, iron and steel, wood pulp, electrical machinery and pharmaceutical products. Agri-food was the leading export items in 2010 accounting for over $500 million.
Cruden said the fair would foster future growth and diversification in an already vibrant trade and investment relationship.
Masud Rahman, president of CanCham Bangladesh, said the fair will boost Canadian investment in sectors such as power, renewable energy, IT, transport and aviation.
“We are expecting around 12 business delegations from Canada as participants in the event," he said.
This would also encourage export diversification of Bangladeshi products like jute, ceramics, shoes, and furniture in Canada, he added.