Munshi invites Canadians to set up canola oil mill in BD

Business Desk :
Commerce Minister Tipu Munshi on Wednesday invited the Canadian investors to set up canola oil manufacturing mills in Bangladesh.
The minister said Bangladesh imports a lot of canola oil every year to meet its domestic demand and Canada is a major producer and exporter of canola oil.
So, the Canadian entrepreneurs would be immensely benefited if they set up canola oil manufacturing units in the country, Munshi said.
The minister made the comments in a meeting with Lilly Nicholls, Canadian high commissioner in Bangladesh, at the minister’s secretariat office in Dhaka.
Munshi also invited the Canadian entrepreneurs to invest in Bangladesh in different promising sectors as the government has been developing 100 special economic zones across the country, according to a statement of the commerce ministry.
Bangladesh can import canola oil from Canada through the Trading Corporation of Bangladesh by signing government to governments agreements, Nicholls was quoted as saying in the statement.
Between July-March period of the current fiscal year, Bangladesh exported goods, mainly garment products, worth $1 billion to Canada and imported goods worth $428.86 million from the North American country, according to data from the commerce ministry.