Despite import decline, apparel exporters still see hope in Canada

Canada is one of the traditional markets for Bangladesh where the rntrade balance is heavily tilted towards the latter with products worth CAN $ 726 rnmillion going to Canada in 2019, as per the Canada Bangladesh Chamber of rnCommerce and Industry in Bangladesh (CanCham). rnAs per CanCham, Bangladesh’s exports to Canada grew 14.53 per cent rnyear-on-year to CAN $ 1.97 billion in 2019, riding on the trade privilege extended rnby the North American nation. Further, in 2018, Bangladesh’s shipments to rnCanada were worth CAN $ 1.72 billion, where more than 92 per cent were apparel rnitems. It was CAN $ 1.65 billion in 2017. “We had expected exports from Bangladesh would grow further this year, but the rngrowth has been affected because of the coronavirus pandemic,” underlined rnCanCham President Masud Rahman recently. Read More @ Apparel Resources