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Turkiye-Bangladesh trade, investment to see high prospect in future: DCCI

Turkiye-Bangladesh trade, investment to see high prospect in future: DCCI

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The trade and investment opportunities between Bangladesh and Turkiye will see high prospects in future, said Dhaka Chamber of Commerce and Industries (DCCI) President Rizwan Rahman.

An 86-member business delegation of Dhaka Chamber of Commerce & Industry (DCCI) is visiting Istanbul of Turkiye to explore new trade and investment opportunities and attended the Turkiye-Bangladesh business forum arranged by the Istanbul Chamber of Commerce on Wednesday, according to après release.

Dhaka Chamber President Rizwan said the bilateral trade between Bangladesh and Turkiye was USD 871.55 million in FY2020-21 which is in favour of Bangladesh.

“Turkiye is the 23rd largest export destination of Bangladesh. Turkiye is the 29th largest foreign investor in Bangladesh amounting USD30.51 million.”

Bangladesh and Turkiye can work and advocate together to form an effective D-8 economic bloc, said Rizwan.

He urged Turkiye to transfer state-of-the-art industrial technology. He also urged for capacity building of SMEs, research collaboration, strengthening agro-value chain and knowledge exchange.

He later invited Turkish investors to invest in Bangladesh as well as import more from Bangladesh.

In welcome note, Burhan Polat, Executive Board Member of the Istanbul Chamber of Commerce, said Bangladesh is one of the important countries in the South Asian region in terms of trade and investment and Bangladesh is maintaining a steady economic growth for the last few decades, he added.

Bangladesh in recent times is doing better in the leather, pharmaceutical, RMG and light engineering sector, Burhan said. “Turkish market is one of the potential places for the Bangladeshi entrepreneurs.”

To boost bilateral trade he urged to sign trade agreement.

He also stressed on enhancing liaison between the private sectors of these two countries.

Istanbul Chamber, one the largest trade organizations in the world with more than 6 lakh members, will be happy to extend its full out cooperation to the Bangladeshi investors to explore new investment opportunities in Turkiye, said its Executive Board Member.

Later the business delegation members of Dhaka Chamber had an interactive business to business match making with more than 350 Turkish companies of different manufacturing and service sectors after the business forum. After that Rizwan Rahman had a separate meeting with the President of Istanbul Chamber of Commerce Şekib Avdagiç.