Turkey keen to invest in Bangladesh

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Business Desk
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 Rizwan Rahman at the DCCI on Tuesday, 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.

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