Turkey, Bangladesh should shape new collaboration opportunities
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The bilateral economic and commercial relations of Turkey and Bangladesh can be strengthened. The two countries have many opportunities to work together, hence should come up with new cooperation fields.
Mehmet Nuri Ersoy, Minister of Culture and Tourism, Turkey said this at the fifth Bangladesh-Turkey Joint Economic Commission (JEC) meeting in the capital Ankara on November 20.
The meeting, held after four years, has significant importance for accelerating bilateral trade and economic relations, the minister claimed saying that JEC meetings should be organised annually. "Effective use of the Turkey-Bangladesh Business Council, established in 2011, is very important," he added.
The minister stated that the bilateral trade volume was USD858 million in 2018, with Turkey's USD373 million exports.
Despite the distance, Turkey focuses on the Asia-Pacific region and signed free trade agreements with South Korea, Malaysia and Singapore.
He further informed, 'We will give all support to Bangladesh for attracting foreign investments, we will convey all information and experience in agriculture, industry and technology sectors to the country.'
"I believe we will make progress in foreign investment by signing the Agreement on Mutual Promotion and Protection of Investments between the two countries," he said.
AHM Mustafa Kamal, Finance Minister of Bangladesh headed the Bangladeshi delegation at the meeting. He urged that Dhaka and Ankara would continue to develop bilateral relations.
Underlining that Bangladesh has shown 8 per cent economic growth in the past two years, he mentioned the country would be the 27th largest economy in the world by 2028.
Source: https://menafn.com