ZCZC
BSS- 18
DCCI-TURKEY
Turkey keen to invest in Bangladesh’s agro-industry, light engineering, ICT
DHAKA, Feb 2, 2021 (BSS) – Turkish companies could invest or collaborate
jointly in some potential areas of Bangladesh like agro-industry, light
engineering, pharmaceuticals, ICT, ship building, energy and household
appliances.
Ambassador of Turkey to Bangladesh Mustafa Osman Turan expressed such
interest when he met Dhaka Chamber of Commerce and Industry (DCCI) President
Rizwab Rahman at the DCCI today, said a press release.
“We want to rebrand Turkey in Bangladesh,” said the Ambassador.
Osman said Turkey mostly imports jute from Bangladesh for their carpet
industry while half of their total import which is about $300 million
constitutes jute from Bangladesh.
Noting that Bangladesh’s agriculture sector is being modernized and
experiencing a digital transformation now, he termed this sector as a very
potential one for joint collaboration.
The release said that the bilateral trade between Bangladesh and Turkey did
not decline that much despite the COVID-19 pandemic.
DCCI president Rizwan Rahman said that Bangladesh has emerged as Turkey’s
third largest trade partner in South Asia with a total trade volume of $705
million in FY 2018-19.
He also proposed to hold a bilateral virtual B2B meeting to promote private
sector investment. Rizwan requested Turkey through the Embassy to withdraw
anti-dumping duty on yarn from Bangladesh imposed on October 16, 2018.
The DCCI president said the total trade volume of both the countries in
fiscal year 2019-20 was $686.88 million, which does not reflect the actual
trade potential of these two friendly countries.
He reiterated that more interaction and communication among the Turkish
business bodies and Bangladeshi business community will enhance bilateral
trade volume in the future.
DCCI Senior Vice President NKA Mobin, Vice President Monowar Hossain and
Commercial Counselor of Turkish Embassy Kenan Kalayci were present, among
others, during the meeting.
BSS/PR/GM/ARS/1718 hrs