Commerce Minister calls for enhanced Turkish investment, stresses removing tariff barriers

Commerce Minister Khandaker Abdul Muktadir has called for increased Turkish investment in Bangladesh's leather, non-leather, readymade garment, and shipbuilding sectors. At the same time, he emphasized removing existing customs-related obstacles and reducing additional tariffs to expand exports of Bangladeshi products into the Turkish market.

The Bangladesh Commerce Minister made this call at a bilateral meeting with Turkish Trade Minister Omer Bolat at the Hilton Hotel in Istanbul on Sunday, local time. The meeting, held in a cordial atmosphere, discussed opportunities for expanding trade and investment relations between the two countries and existing obstacles.

At the meeting, Khandaker Abdul Muktadir called on Turkish businessmen to take advantage of investment opportunities in Bangladesh's promising industrial sectors. He particularly emphasized increasing Turkish investment in the leather and non-leather goods, readymade garment, and shipbuilding industries.

During the discussion, the Commerce Minister raised the issue of existing tariff and customs-related barriers to the entry of Bangladeshi products into the Turkish market. He sought the cooperation of the Turkish Trade Minister in removing these obstacles and reducing additional tariffs.

The meeting discussed advancing the friendly relations between the two countries toward a broader commercial partnership. Both sides expressed a positive attitude toward expanding bilateral trade and removing existing obstacles.

Senior officials of both countries were present at the meeting.

Commerce Minister Khandaker Abdul Muktadir is visiting Turkey to attend the 42nd Ministerial Meeting of COMSTECH, a specialised standing committee of OIC.