The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and Foreign Economic Relations Board of Turkey (Deik) signed a Memorandum of Understanding (MoU), on Wednesday, aiming to facilitate trade, investment and tourism between Bangladesh and Turkey.
FBCCI also held a virtual conference with Deik, entitled Bilateral Trade and Investment Opportunities in the Ongoing Global Pandemic and Beyond.
A video documentary on investment opportunities in Bangladesh by FBCCI was presented at the conference.
Hulya Gedik, chairman of Deik Turkey-Bangladesh Business Council, said, "The signing of this MoU is a next step on the road of increasing our bilateral trade, developing our investment relations by establishing a functional relationship that will encourage both countries."
"As the Business Council, we will encourage more Turkish companies to engage with Bangladesh in infrastructure and construction, energy, ICT, health, textile and defense sectors. Thus, we will need the support of FBCCI for Turkish companies to find their best counterparts," Hulya Gedik added.
FBCCI President, Sheikh Fazle Fahim, said, "From 2008 till pre-Covid-19, Bangladesh's GDP grew 400%, trade grew more than 240%, we reached 100% electricity coverage, our poverty dropped from 46% to 21% thanks to 120 social safety net programs; the government's declaration of $14.60 billion stimulus packages and Bangladesh hosting 1.2 million Rohingya refugees, are all shining examples of this country's humane growth."
He also said, "We may strategize Bilateral Value Chain Initiative (BVCI), utilizing Turkey's technology and knowledge transfer through joint ventures and Bangladesh's production competitive edge, maximizing our domestic, regional and global market access opportunities."
Nail Olpak, president of Foreign Economic Relations Board of Turkey (DEIK); Mustafa Osman Turan, ambassador of Turkey to Bangladesh; Mosud Mannan, ambassador of Bangladesh to Turkey; also spoke in the conference.