BANGLADESH COMMERCIAL CALL FOR FREE TRADE AGREEMENT TO TURKEY

The Turkey-Bangladesh Business Forum and bilateral business negotiations, organized by TIM and coordinated by the Ministry of Economy, took place in Dakka, on August 21-24, 2017. Başaran BAYRAK, member of Sectoral Council of TIM and the the President of the Union of Ship and Yacht Exporters, headed the delegation.

The forum that were honoured by the participation of the Minister of Trade of Bangladesh, Tofail AHMED and Turkey's Ambassador to Bangladesh, Devrim ÖZTÜRK, started with more than 150 business people from Bangladesh Chamber of Commerce and Industry (FBCCI), Bangladesh Investment and Development Agency (BIDA) and Bangladesh Export Promotion Bureau (EPBB).

After the openning speech of President of Bangladesh Chamber of Commerce and Industry (FBCCI), Shafiul İSLAM, Mr. Basaran BAYRAK underlined the historical ties between our country and Bangladesh and emphasized that the trade volume between the two countries should be increased to a much higher level. After providing information on current bilateral trade figures, Mr. BAYRAK invited all Bangladeshi Business People to the Export Summit to be held in November in Istanbul.

President of the Bangladesh Chamber of Commerce and Industry (FBCCI), ISLAM, giving important information on Bangladesh's economy and foreign trade said that Bangladesh aims to raise the average growth rate from 7% to 10% and they want to increase their foreign trade volume and investment figures. Speaking about Turkey's and Bangladesh's position as a bridge to major economic geography, ISLAM emphasized that about 1.2 billion dollars of trade volume between the two countries could be raised to 5 billion dollars.

After the speech of ISLAM, Turkey's Ambassador to Bangladesh, Mr. Devrim OZTÜRK gave information about the Turkish economy and emphasized the special importance that Turkey gave historically to Bangladesh. He also gave information on the ongoing Free Trade Agreement negotiations with Bangladesh.

Lastly, Mr. Bangladesh Trade Minister, Tofail AHMED spoke about the deep historical ties between Turkey and Bangladesh, which he called brother countries, and he spoke about the establishment of Bangladesh and the process of economic development. Mr. AHMED also stated that Turkey is taking role-models in the economic development of the last 15 years and that the next important step for the development of bilateral relations is to accelerate the process of the Free Trade Agreement.

Turkey-Bangladesh Business Forum ended with the signing of a memorandum of understanding (MoU) between TİM and the Chamber of Commerce and Industry of Bangladesh, which includes mutual activity in trade, finance and investment fields and cooperation in other fields.

In the bilateral job interviews conducted after the Forum, about 300 job interviews were held between 17 companies operating in various sectors and 75 Bangladeshi companies.

Published on Friday, September 8, 2017
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