CA urges Canada to set up manufacturing factories in Bangladesh

Chief Adviser Professor Muhammad Yunus on Monday urged Canada to set up its manufacturing factories in Bangladesh and make the South Asian country a production hub, taking advantage of its vast youth population.

He made the remark when Ahmed Hussen, minister of international development in Canada, called on the Chief Adviser at the latter’s office in Tejgaon, Dhaka.

During the meeting, Ahmed Hussen said Canada welcomes the continuation of bilateral efforts and technical discussions for signing a Foreign Investment Promotion and Protection Agreement (FIPA). The potential deal would expand trade and investment ties between the two countries, he hoped.

"Businesses in Canada will feel encouraged if FIPA is signed. They will see it as a signal," the Canadian minister told the Chief Adviser.

Prof Yunus requested the Canadian minister to expedite visa process for Bangladeshi students.

Responding to the Chief Adviser's call, the Canadian minister said they would welcome any legitimate student from Bangladesh and that the country's recent decision to reduce the number of student study permits has not particularly targeted Bangladeshis.

"We did cut visas. But there is nothing against Bangladesh. Any legitimate student from Bangladesh is welcome," he said.

The Chief Adviser sought Canada's assistance again for bringing stolen money back to Bangladesh. "There is a whole area called 'Begum Para', where family members of corrupt people are living," he said.

"We are working hard to get rid of corruption, as corruption is everywhere," he added.

Assuring Bangladesh of the Canadian government's assistance, the Canadian minister said, "We don't want corrupt money, plundered public money in Canada."

During the meeting, the Canadian Minister reiterated the support of his government for Bangladesh's interim government.

"I know the people of Bangladesh are looking up to you, and your team is working to fulfill people’s hope and expectations," he said.

They also discussed the ongoing reform initiatives in Bangladesh, the upcoming general election, and the plight of Rohingya refugees from Myanmar.

Ajit Singh, Canadian High Commissioner in Bangladesh, and Lamiya Morshed, senior secretary for SDG affairs, were also present at the meeting.