A visiting Bangladeshi business delegation met the Turkish Minister for Trade Dr. Mehmut MUS at his Ministry in Ankara and discussed ways to increase bilateral trade between the two brotherly nations.
The President of Dhaka Chamber of Commerce & Industry (DCCI) Rizwan Rahman led the business team in Turkiye.
During the meeting, Rizwan Rahman said that the bilateral trade at present between Bangladesh and Turkiye is around USD $900 million which is not satisfactory at all. The existing bilateral trade can be enhanced to over USD $2 billion through more trade diversification.
He also said that the progress in public-private and B2B partnership between the two countries remains low. Turkish investors can consider Bangladesh’s 100 economic zones and 28 high-tech parks as their preferred investment destinations.
Moreover, Joint Economic Commission meetings should be held regularly to arrange effective joint exhibitions and seminars on bilateral economic issues and address trade issues. Furthermore, Bangladesh and Türkiye can work and advocate together to form an effective D-8 economic bloc, Rizwan said.
The Turkish Minister for Trade agreed that the bilateral trade between the two countries is not up to the expected level.
He also termed Bangladesh as an attractive investment destination. Both countries should work together to enhance this trade volume.
Mehmut said that a few Turkish companies are already doing their businesses in Bangladesh and they are doing very well. And this success will be an example for others to invest in Bangladesh.
The Ambassador of Bangladesh in Ankara, Mosud Mannan, was also present during the meeting.