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Bangladesh can expand markets globally using Turkey gateway

. B&F Report
Bangladesh can expand its market through gate way of Turkey, one of the friendliest countries of Bangladesh, if both public and private entrepreneurs of the two countries increase business ties.
Bangladesh can be an attractive investment destination for Turkish investor to invest, while Turkey can be a proper source for agricultural products, machineries & technology for Bangladeshi business community.
This was claimed by Md. Sabur Khan, Chairman, Daffodil Group who recently visited Turkey to attend a seminar titled "Turkey World Trade Bridge" from June 04 to June 12, 2012 in Istanbul.
The seminar was organized by Turkish Confederation of Businessmen and Industrialists (TUSKON) with the support of Prime Minister, Ministry of Foreign Affairs, Turkish Exporters Assembly, Istanbul Chamber of Commerce, and Istanbul Export Center.
Over 5000 business people from 130 countries participated in this Turkey World Trade Bridge-2012 and exhibited their quality products and hundreds of business contracts were signed.
At team of 20 Bangladeshi delegation comprising of businessmen from different prominent companies and government high officials of Bangladesh also took part the seminar, which became one of the largest gatherings of World Business Leaders.
After returning from Turkey, Sabur Khan expressed his observations and urged potential businessmen to come forward to explore business from Turkey.
"Bangladesh has comparative advantages for foreign direct investments over its neighbors China and India due to manifold facts. Within short time, I hope Turkey would be a potential market of Bangladeshi products, Khan said.
Located at the junction of Europe, Balkans, Middle East, Caucasus, Russian Federation and North Africa, Turkey has the greatest strategic advantage for reaching those markets, he said.
On the other hand, he added, Bangladesh is the gate to South Asia and Far East where almost half of the total population of the world live on.
"I am confident that through Turkey our products will be able to enter into European and American markets easily', Sabur khan said.
Turkey is the 16th largest economy in the world and 6th largest economy in Europe with a level of GDP around 900 billion USD. Bangladeshi companies can explore many opportunities here.
Turkish economy conducted a total of 41% growth rate between 2002 and 2007. In the world, after China and India, Turkey took place in third line with its growth rate.
With 10,000 years of civilizations Turkey has already achieved its target of per capita income at US$ 14,000 by 2021.
Major export items from Bangladesh to Turkey are Jute yarn & twine, jute bags, knitwear, woven garments &  finished & semi finished leather.
Major import items from Turkey to Bangladesh are Red lentils, cotton, iron and steel, nuclear reactors, boilers, manufacturing machineries & their parts, electric machinery & equipment and chemicals etc.
Bangladesh and Turkey maintain a gracious relationship socially, politically and economically and this relationship has become stronger over the period of time.
There is much similarity in the field of cultural and political affairs. There are also much scopes and opportunities to develop business relationship between Bangladesh and Turkey.
Khan said Bangladesh needs to take a master plan to remove the business barriers and increase the business communication closely and introduce its products there effectively and efficiently.
 "As they are Muslims, we are also Muslim and there are many similarities among us in the field of culture, flooding, dress and so on. So it can be a potential market for Bangladeshi products", Khan said.
With its strong, motivated, dynamic, educated and skilled young people Turkey has a great opportunity to become a regional economic super power in coming years, Khan said.
"I hope business communities of the two brotherly countries will work together to explore more trade and business opportunities between these two countries and reach  to a new height so that coming generations can benefited from this", he said.