The Honourable Ed Fast, Minister of International Trade, congratulated Canpotex Limited on the signing of a US$44-million contract to supply potash to Bangladesh.
This contract builds on Canpotex’s US$40-million contract to supply potash to the Bangladesh Agricultural Development Corporation, which they won and delivered last year.
Facilitated by the Canadian Commercial Corporation, 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 in the fall of 2015. The contract includes an option for Canpotex to supply an additional US$22-million worth of potash.
Extractives are a priority under Canada’s Global Markets Action Plan, highlighting the sector’s significance to Canada’s long-term prosperity.