Turkey seeks to invest in renewable energy

Turkey has shown a strong interest in investing in Bangladesh's diverse sectors, including renewable energy, automobile manufacturing, pharmaceuticals, information and communication technology, logistics, and construction.

This was revealed during a meeting between Turkish Trade Minister Prof Dr. Omer Bolat and Commerce Adviser Sk. Bashir Uddin at the Ministry of Commerce in Dhaka on Thursday, reports BSS.

During the meeting, a number of bilateral issues such as potential for increasing trade volume, Turkish investment opportunities in Bangladesh, obtaining halal food certification and formation of an Economic Commission came up for discussion.

Bashir Uddin said Bangladesh and Turkey have a long history of cooperation in various sectors, including business, education and culture.

Referring to Turkey as one of the world's top halal food exporting countries, he sought Turkey's cooperation in expanding the halal food market of Bangladesh.

Obtaining an internationally recognized halal certification is very important, he said.

In this regard, the signing of a memorandum of understanding between the Halal Accreditation Authority of Turkey and the Bangladesh Standards and Testing Institution will make it easier for Bangladesh to obtain a halal certificate, he added.

He also mentioned that exporting halal food will strengthen the country's economy.

Stating that Bangladesh currently has an excellent investment environment, the commerce adviser said Bangladesh is also providing several facilities and benefits in terms of foreign investment.

He called for increasing Turkish investment in special economic zones in Bangladesh.

Turkish Minister Dr Omer Bolat said that currently, Bangladesh's trade with Turkey is mainly focused on the textile sector.

Turkey exports various machinery and chemicals to Bangladesh, he added.

On the other hand, he said, Turkey imports ready-made garments from Bangladesh.

Turkey wants to diversify bilateral trade in other sectors, he added.