The Honorable Ed Fast, Canada’s Minister of International Trade, today announced that Canada has signed a US$40-million contract to supply potash to Bangladesh from Canpotex Ltd. Minister Fast was joined by Minister Lynne Yelich, Member of Parliament Randy Hoback and Brad Wall, Premier of Saskatchewan.
The contract was negotiated between the Canadian Commercial Corp. and the Bangladesh Agricultural Development Corp. The contract includes an option for Canpotex to supply an additional US$20-million worth of potash.
Facilitated by the Canadian Commercial Corp., the Government of Canada’s international government-to-government contracting organization, the potash will be mined from Canpotex’s members’ mines and will be delivered to Bangladesh over the coming year.