Bangladesh and Canada has a relation of more than 30 years. This relationship has traditionally been based on a very strong development partnership. Canadas aid program in Bangladesh is their largest in the world, amounting to more than $50 million annually and more than $2 billion since independence in 1971. Over the past thirty years, Canadian development dollars have been invested in the rail, energy, rural power and telecommunications sectors. CIDA projects have contributed to advancements in the environment, health and education. Canadian cooperation has been aimed towards helping women to play their legitimate role in the economy and society. Canadian companies are visible in Bangladesh, but not easily recognizable. For instance shoes produced by Bata, a Canadian company. GMG airlines flies dash 8 aircraft manufactured in Canada. Trains operated by Bangladesh rail are pulled by general motors engines made in Canada. The coins used here may well have been made in Canada. Nortel networks, began an US $15 million dollar project with the Bangladesh telephone and telegraph board to install 116,000 switching lines. These new lines will drastically advance this countrys communications infrastructure
2.2 Trade and Investment: Canada's commercial relationship with Bangladesh has grown dramatically over the last ten years. The value of bilateral merchandise trade has more than tripled going from $478 million in 2003 to nearly $1.7 billion in 2012. During this period, Canadian merchandise exports to Bangladesh have more than quadrupled and Bangladesh has become the second largest source of Canadian merchandise imports from South Asia, after India. Canadian merchandise exports to Bangladesh were $525 million in 2012, down slightly from $552 million in 2011. Merchandise imports from Bangladesh were $1.1 billion in 2012, equal to 2011. Canada's main exports to Bangladesh include cereals, vegetables, iron and steel, oilseeds, fertilizers, machinery and electronic equipment. Agri-food was the leading export sector from Canada to South Asia in 2012, making Bangladesh the second largest Canadian agri-food buyer in South Asia after India. Canada's main merchandise imports from Bangladesh include knit apparel, woven apparel, miscellaneous textile articles, headgear, fish and seafood, and footwear. Canada is a bright spot for Bangladeshi apparel, with garments and textile. Bangladesh has enjoyed duty-free market access since 2003. Potential trading opportunities to explore include expanding Canadian imports of ready-made garments, porcelain, jute and quality jute good, ceramic tableware and kitchenware.
2.3 Canada's Merchandise Trade with Bangladesh (2012)
Canadian Imports from Bangladesh Canadian Exports to Bangladesh
Merchandise Classification % Merchandise Classification % 1 Woven clothing and apparel articles 45.76 Cereals 30.09 2 Canadas Merchandise Trade with Bangladesh, 2012 42.96 Edible vegetables, roots and tubers 19.72 3 Other textile articles, etc. 7.08 Iron and steel 16.66 4 Headwear 1.29 Oil seeds and misc. fruit, grain, etc. 15.93 5 Fish, crustaceans, mollusks 0.77 Fertilizers 13.99 6 Umbrellas, whips, walking-sticks 0.44 Electrical machinery and equipment 0.87 7 Footwear 0.44 Boilers, mechanical appliances, etc. 0.55 8 Furniture and stuffed furnishings 0.27 Wood pulp; paper or paperboard scraps 0.42 9 Prepared food, meat, fish, seafood 0.16 Rail transportation, tramways, traffic signaling equipment 0.33 10 Ceramics products 0.12 Paper and paperboard 0.31 Top 10 as % of Total from Bangladesh 99.31 Top 10 as % of Total To Bangladesh 98.88 Bangladeshi Imports as % of Canada Total 0.24 Bangladeshi Exports as % of Canada Total 0.12 2.3.1 Bangladesh & Canada Total Export & Import Statistics: Year Total Export Total Import Balance 2005 - 2006 408.78 128.00 280.78 2006 - 2007 460.27 163.00 297.27 2007 - 2008 539.38 315.72 223.66 2008 - 2009 670.67 458.57 212.10 2009 - 2010 672.49 593.21 79.28 2010 - 2011 1005.55 549.93 455.62 2011 - 2012 1008.55 334.08 674.47
2.4 Major Export Commodities of Bangladesh to Canada: The major exporter commodities of Bangladesh to China are following, 1. Live animals; animal products. 2. Textiles and textile articles. 3. Footwear, headgear, umbrellas, sun umbrellas, walking sticks, seat sticks, whips, riding crops etc. 4. Machinery and mechanical appliances. 5. Prepared foodstuffs; beverages, spirits and vinegar; tobacco and manufactured tobacco substitutes. 6. Vegetable products 7. Plastics, rubber and their articles thereof. 8. Raw hides and skins, leather fur skins, saddler and harness, travel goods, handbags and similar containers. 9. Wood and articles of wood. 10. Articles of stone, plaster, cement, asbestos, mica or similar materials; ceramic products; glass and glassware. Etc. For our report weve categorized all the different commodities into seven groups that are being exported to Canada from Bangladesh. These are follows,
2.4.1 Readymade Garments:
Years Export Amount (Tk. In Crore) 2011-2012 5535.5 2010-2011 4530.7 2009-2010 3127.9 2008-2009 3066.6 2007-2008 2365.1 2006-2007 2178.6