All Section, City

FBCCI, DEiK sign MoU to facilitate trade

Published : 03 Feb 2021 11:07 PM | Updated : 14 Feb 2021 10:30 PM

FBCCI Cloud Conference with Foreign Economic Relations Board of Turkey (DEIK) on Bilateral Trade and Investment Opportunities in the Ongoing Global Pandemic and Beyond and MoU Singing Ceremony was held on Wednesday, said a press release issued by FBCCI.

In the virtual conference, FBCCI and DEIK signed one Memorandum of Understanding, aiming to facilitate trade, investment and tourism between Bangladesh and Turkey.  A video documentary on investment opportunities in Bangladesh by FBCCI presented at that time. 

FBCCI President Sheikh Fazle Fahim said, “From 2008 till pre-Covid-19, Bangladesh’s GDP grew 400 percent, trade grew more than 240 percent, we reached 100 percent electricity coverage, our poverty was reduced from 46 percent to 21 percent including 120 social safety net programs, government declared US$ 14.60 billion stimulus packages and hosting 1.2 million Rohingya refugees are all shining examples of Bangladesh’s humane growth.”

FBCCI President Sheikh Fazle Fahim said, “We may strategize Bilateral Value Chain InitiativeTM (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.  

Hulya Gedik, Chairman, 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 the countries. As the Business Council, we will encourage more Turkish companies to engage with Bangladesh in infrastructure & 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. Nail Olpak, President, Foreign Economic Relations Board of Turkey (DEIK), Mr. Mustafa Osman Turan, Ambassador of Turkey to Bangladesh, Mosud Mannan, Ambassador of Bangladesh to Turkey also spoke in the conference.