Commerce Minister Tipu Munshi asked Canadian businessmen to build canola oil factories in Bangladesh on May 11. Bangladesh imports a large amount of canola oil each year to meet domestic demand, according to the ministry, and Canada is a major producer and supplier of canola oil.
As a result, Munshi believes that Canadian firms would benefit greatly from establishing canola oil manufacturing facilities in the country.
According to a statement from the commerce ministry, Munshi also welcomed Canadian entrepreneurs to invest in Bangladesh in several promising industries, since the government is creating 100 special economic zones across the country.
According to the announcement, Bangladesh can import canola oil from Canada through the Trading Corporation of Bangladesh by executing government-to-government agreements.