Daily Star reported that Turkey seeks to export raw steel products at competitive prices to Bangladesh, a big importer of the items.
Mr Namik Ekinci chairman of Steel Exporters Association of Turkey said that steel is one of the most important sectors for the Bangladesh economy. You have rolling industries but you do not have a melting industry.
Mr Ekinci said that when you have a melting industry, the sector will flourish. Due to the absence of the melting industry, Bangladesh needs to import raw steel products such as billets. We produce billets, as our industries are more equipped. We produce high quality steel in Turkey and export it all over the world.
Actually, Turkey is the world's 10th biggest steel producer and the seventh largest steel exporter. He has no idea about the quality of Bangladesh's steel products as the country does not export steels.
He said that "I have seen some steel products in roadside shops on the way. We decided to hold the first meeting with the businesspersons here in Chittagong as it is a business hub. We have heard that most of the steel industries of Bangladesh are located in Chittagong. This information played a role in making the decision of holding first meeting here in Chittagong.
Mr Ekinci said that “We sat for a discussion with the businesspersons in Chittagong and the meeting was very fruitful. The businesspeople showed positive attitude to them and both the sides signed an agreement to increase bilateral trade and business. We have a very good cultural and political relationship between the people of Turkey and Bangladesh but we do not have much bilateral business activities.
He said that so we want to increase the business activities between the two countries. The total imports of Turkey from Bangladesh were worth USD 844 million in 2010 while Turkish exports to Bangladesh were USD 170 million.
Bangladesh imported a total of 1.5 million tonnes of steal products in 2010 from all over the world. 1 million tonnes of that were flat products and 0.5 million tonnes were long products. We want to export steel products and set up steel industries here in Bangladesh.
Sourced from Dailystar.net
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