Turkey keen at developing trading & economic ties

19 Apr '06

2 min read

In order to develop trade and economic ties with Bangladesh, his country is considering granting duty free access for commodities from that country, states Hemayet-uddin, Foreign Secretary of Turkey.

Earlier, Khaleda Zia, Prime Minister of Bangladesh had sought duty-free access for products like ready made garments (RMG), footwear and leather goods in to Turkey.

A high-powered business delegation from Ankara will be visiting Bangladesh next month to seek avenues for investment in textile, leather, construction and to evolve a mechanism for enhancing bilateral trade and investment, added the Foreign Secretary.

Turkish business men have shown keen interest in the prospective investment opportunities in Bangladesh and its economical wage levels.

Volume of mutual trade between the two countries was US $114 million in 2004-05 when Bangladesh exported goods worth $76 million to Turkey.
Recep Tayyip Erdogan, Prime Minister of Turkey had guaranteed PM Khaleda of taking the initiative to invest in agriculture and agro-processing sectors of Bangladesh.

Turkey has shown its willingness in the joint execution of various construction projects sponsored by Asian Development Bank (ADB) and are eager to provide railway carriages to Bangladesh.

In the changed global scenario, Joint Economic Committee meeting will be held for betterment of both countries.

Both Prime Ministers stressed on the need for reforming the Organization of Islamic Countries (OIC) to make it an action-oriented body, and develop human resources and trade among the member states.

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