BD-Canada FIPA to Boost Business Confidence: Minister Hussen

Speaking during a meeting with Bangladesh’s Chief Adviser, Prof. Muhammad Yunus, at the Chief Adviser’s Office in Tejgaon, Hussen emphasized that a FIPA deal would send a positive signal to Canadian businesses. "If FIPA is signed, Canadian businesses will be encouraged. It will serve as a clear signal to invest in Bangladesh," he said.

The meeting, which was also attended by Canadian High Commissioner in Dhaka Ajit Singh and senior government officials, marked a key moment in ongoing technical discussions between the two countries aimed at expanding their economic relationship.

During the meeting, Prof. Yunus urged Canada to consider relocating manufacturing factories to Bangladesh, leveraging the country’s growing youth workforce to become a production hub. He also asked Minister Hussen to streamline the visa application process for Bangladeshi students seeking to study in Canada.

Responding to the Chief Adviser’s request, Hussen assured him that Canada welcomed legitimate Bangladeshi students, clarifying that the recent reduction in study permits was not intended to target Bangladeshis. "While Canada did cut the number of student visas, it was not specifically aimed at Bangladesh. Any legitimate student from Bangladesh is always welcome," he affirmed.

Additionally, Prof. Yunus called on Canada to assist Bangladesh in recovering stolen assets. “There is an area in Dhaka, known as Begum Para, where relatives of corrupt individuals live. We are working tirelessly to eliminate corruption, but it remains a significant challenge," he noted.

Hussen reassured the Chief Adviser of Canada’s support in fighting corruption, stating, "Canada does not want corrupt or stolen public funds in its country. We are committed to assisting Bangladesh in its efforts to recover these assets."

The meeting also touched on ongoing reform initiatives in Bangladesh, the upcoming general election, and the humanitarian crisis involving Rohingya refugees from Myanmar. Minister Hussen reiterated Canada's strong support for Bangladesh’s interim government, acknowledging the hopes and expectations of the Bangladeshi people. "I know the people of Bangladesh are looking to you and your team to fulfill their hopes and aspirations," he concluded.