The Future of Bangladesh-Turkey Trade

Bangladesh and Turkey will work to improve their relationship through the end of 2021 and the beginning of 2022.Turkish Land Forces Commander Gen. Musa Arsever says that Turkey and Bangladesh have a long history of respect, trust, and a deep connection.When Arsever was asked about Turkish and Bangladeshi ties during the event, he said that they are built on mutual respect and trust. People from both countries in attendance had a strong affinity for each other.

Our Bangladeshi relatives, in particular, gave us money and moral support during our country’s fight.

In Bangladesh, we know that the people there love and respect our late leader, Mustafa Kemal Ataturk. Bangladesh and Turkey have worked together for a long time to help each other. Every day, we’re strengthening our relationship in the army. It was always them who spoke last.

With a total value of $1.2 billion, Bangladesh is the second-largest trading partner in South Asia. Bangladesh was also said to be Turkey’s fourth-largest exporter of defense goods. He also said that.

On January 8, Bangladesh and Turkey signed a deal to work together on security, counterterrorism, and drug trafficking. The country of Bangladesh became a sovereign state in 1974 when Turkey did (OIC). It has been a long time since then, but the two countries have had a lot of highs and lows.

Bangladesh is Turkey’s fourth-largest source of guns. Official data shows that Bangladesh bought $60 million worth of Turkish weapons in the first four months of 2021. As a whole, Turkey sells $1 billion worth of military goods each year. There is no better way to see how important Bangladesh is to Turkey’s strategy in the Asia-Pacific than to read this sentence.

Asia Anew Initiative (ANI): Turkey wants to improve its diplomatic ties with Asian countries by focusing on how they can work together and collaborate more. Turkey has a lot of trust in Bangladesh because it has been a long-term ally of Turkey and played a significant role in Turkish history. It’s possible to think of Ankara’s security agreement with Bangladesh to improve relations between the two countries and make the ANI work well from Ankara’s point of view.

As drug trafficking puts businesses and neighborhoods at risk, it hurts the economy and puts people in danger. Bangladesh and Turkey signed a deal to fight drug trafficking in the last few weeks. For both countries, a new chance has come up. Then, they can work together to stop illegal drugs from getting into their own countries.

In the long run, this security arrangement will have a significant impact on the Turkish economy. It cost $4.45 billion in Bangladesh’s fiscal year 2021-22 to reach that goal; that’s how much money was set aside. This budget shows that people in Bangladesh want to buy guns, so they want this money. The world has been trying to sell guns to Bangladesh for a long time now, and it’s not going away. With this security agreement, Turkey has come back into this field.

This means that Turkey will keep investing in Bangladesh, get into Ankara’s market, and strengthen security ties with the country. People in Dhaka can get people in Ankara to pay attention to them; to have a long-term relationship with Ankara, Dhaka, and Ankara need to take advantage of their growing security and defense ties. People from both countries signed security and anti-terrorism agreements. This is a step toward a long-term strategic alliance between them.

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