Bangladesh and Turkey will increase trade
Istanbul, Turkey | September 04, 2008 by
Bangladeshi Commerce Adviser Hossain Zillur Rahman, now on a visit to Turkey, has invited Turkish investment in the revival of Bangladesh's jute industry currently underway. He also listed the facilities his country offers for the foreign investors, which include cheap labour, tax holiday and infrastructural support.
The call for investment came during the adviser's meeting with Turkish Minister for Industries and Foreign Trade Kurshad Tuzman in Ankara on Tuesday, according to an official handout yesterday.
He told Turkish Foreign Trade Minister, Kursat Tuzman that ready-made garments (RMG), pharmaceuticals, textiles, jute and jute products, energy, leather and ceramics are the most potential sectors of business between the two countries.
Tuzman said food processing, textile, construction industry and health machineries could be the potential fields of trade and investment between the two countries.
He also said his government is considering establishing direct flights between Turkey and Bangladesh soon in order to boost the bilateral trade.
The Turkish minister proposed to hold the pending 3rd session of the Joint Economic Commission (JEC) meeting in Ankara during the first half of 2009, the handout further said.
"Turkish trade delegation will be sent to Bangladesh in every 6 months," Tuzman said.
D-8 Organization welcomes this move of bilateral trade relations between Bangladesh-Turkey, as a bolstering move toward the deepening of intra-trade relation within D-8 Organization. Dipo Alam, the Secretary General, said that this move is in line with the PTA D-8 held in KL Summit recently, whose RoO was approved by memberstates. As for the industrial cooperation as promoted by Tuzmen, D-8 hopes that this issue can be further studied and implemented, as in accordance with the result of the 4th WG on Industry in Bali, Indonesia, in June 27-28 August 2008. "We also hope that this kind of initiatives, can increase the interest of our other memberstates as well," said Dipo Alam.
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