BGMEA, Bangladesh-Canada trade body team up for trade, investment

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Bangladesh Business Chamber of Canada (BBCC) today signed a memorandum of understanding (MoU) to enhance cooperation in trade, investment, and knowledge exchange between the two organisations.

BGMEA and BBCC will work jointly to establish closer communication and networking opportunities between members of the two organisations.

They will facilitate knowledge exchange, organise trade exhibitions in Canada and Bangladesh, and send business delegations, according to a statement from the BGMEA.

The two will also collaborate to promote Bangladeshi apparel and textile products in Canada and North America.

Steps will be taken to enhance the capacity of entrepreneurs and professionals through knowledge, training, and skills sharing, and to create investment opportunities in the apparel, textile, and related sectors between Bangladesh and Canada.

While encouraging partnerships, joint ventures, and collaboration among members, they will also share information, policies, and research related to global market trends for the benefit of members under the agreement.

BGMEA President Mahmud Hasan Khan and BBCC President Alamgir M Rahman signed the MoU documents at the BGMEA office in Dhaka.

"This MoU with BBCC will help us tap into the potential of the Canadian and North American markets. Our goal is to further strengthen the economic ties between Bangladesh and Canada through enhanced trade, investment, and knowledge sharing," the BGMEA president said.