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Bangladesh-Turkiye Business Forum to synergise textile sector

22 Jan '23
3 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • Bangladesh-Turkiye Business Forum (BTBF) launched formally may synergise the textile sector of the 2 countries. The emerging textile powers can utilise mutual expertise to expand their footprint in the global market. Presently, Turkiye is a net importing country for apparel and yarn in bilateral trade with Bangladesh, while it exports fibre and fabric to it.

*pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"> Bangladesh-Turkiye Business Forum (BTBF) launched formally may synergise the textile sector of the * countries. The emerging textile powers can utilise mutual expertise to expand their footprint in the global market. Presently, Turkiye is a net importing country for apparel and yarn in bilateral trade with Bangladesh, while it exports fibre and fabric to it. 

*pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"> The countries have launched BTBF to facilitate and increase bilateral trade and investments. Both countries are major textile exporters. Turkiye is more focused on the European market, while Bangladesh is striving to become the textile hub by building a large production capacity. Both countries can develop their capacities to increase their global penetration by utilising mutual expertise. 

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