Trade between Bangladesh and Canada is likely to reach $5 billion by 2020 from the present level of $2 billion, a business leader said yesterday.

Bangladesh has been enjoying duty-free market access to Canada since 2003. Potential trading opportunities to explore include expanding Canadian imports of readymade garments, jute, ceramic tableware and kitchenware.

"We plan to raise our two-way trade to $5 billion at the end of 2020," Masud Rahman, president of Canada Bangladesh Chamber of Commerce and Industry, said in an interview with Reuters.