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Turkey, Bangladesh looking to sign an on FTA to strengthen their relationship

Turkey wants to improve its existing strong trade and economic relations with Bangladesh by singing an FTA. The countries will consolidate cooperation in key areas such as trade and investment, defense, education, tourism and connectivity. They are improving economic and trade relations. Bangladesh wants Turkey to withdraw the 17 per cent and 19 per cent additional duty imposed on Bangladeshi readymade garment and ceramic products.

Bangladesh has been having nearly seven per cent growth over the past few years. It has sought Turkish investment in special economic zones. On many international issues both Bangladesh and Turkey hold similar positions. They have signed two bilateral documents to enhance cooperation in the areas of small and medium enterprises and maintain the standards of products. This will cover areas such as small and medium enterprises, industrial production, standardisation, capacity building, knowledge sharing, and skill development.

Bangladesh and Turkey have also reiterated their commitment to work closely and support each other on bilateral and international issues of mutual concern, including the issue of forcibly displaced Rohingya people from Myanmar.