Turkish businesses seeking to enhance trade ties with Nepal

By Mehmet Fatih Erdogdu

ISTANBUL (AA) - Turkish businesses are working on improving trade ties with Nepal, said a top Turkish trade group.

The aim is to increase bilateral trade volume to $200 million, up from its current level of $70-80 million, said Mustafa Akincilar, chairman of the Turkiye-Nepal Council of the Foreign Economic Relations Board of Turkiye (DEIK).

Touching on a recent visit by Turkish business people to Nepal, Akincilar said cultural activities play a vital role in boosting bilateral trade.

"We paid a 5-day visit for the improvement of cultural relations between Turkiye and Nepal. It was an event on the purpose of boosting tourism and trade," he said.

Akincilar underlined the importance of contacting banks to increase the exports of precious metals, adding that Nepalese are eyeing further investments in iron and steel.

The free zones in southern Nepal offer great investment opportunities for Turkish businesses, he said.