Dhaka Chamber of Commerce and Industry (DCCI) President Rizwan Rahman recently met Turkish Trade Minister Mehmut Mus in Ankara and requested him to relax tariffs on readymade garment (RMG) items to boost Bangladesh’s exports. As the $900-mn bilateral trade between both sides is not satisfactory, Turkish investors should invest in Bangladesh, Rahman told Mus. Turkey imposes an extra 17 percent tariff for RMG products from Bangladesh.
Progress in public-private and business-to-business partnership between the two countries remains low as well, he said. The bilateral trade can be enhanced to over $2 bn through better trade diversification, Rahman said. Turkish investors can consider Bangladesh’s 100 economic zones and 28 high-tech parks as their preferred investment destination, he said.
He also requested the minister to extend the current duty-free and quota-free tariff line facility to Bangladesh which is now 79.9 percent for trade growth.
