Turkish president’s Pakistan visit ‘more important than previous ones’

Turkish President
Tayyip Erdogan
Tayyip Erdogan

Turkish President Recep Tayyip Erdogan arrived on a two-day visit to Pakistan on Thursday along with a sizable delegation of business leaders for focused meetings that may fetch export and import orders for both sides.

Prime Minister Imran Khan arrived at the Noor Khan airbase to personally receive the Turkish president.

The prime minister was accompanied by the members of the federal cabinet.

PM Imran Khan personally drove the car to take the Turkish president and his wife, Emine Erdoğan, to the PM House.

The Turkish president was presented a guard of honour upon arrival at the PM House.

A senior official from the commerce ministry said on Wednesday that the business to business interaction between Pakistan and Turkey is set to begin from Thursday (today).

The Turkish president will also address a joint session of the Parliament on February 14.

Turkish President Recep Tayyip Erdogan’s Pakistan visit is more important than the previous ones as the already strengthened bilateral ties have gone to a higher level. Turkish President Recep Tayyip Erdogan,s Pakistan visit is more important than the previous ones as the already strengthened bilateral ties have gone to a higher level.

 We already have the presence of Turkish companies here in Pakistan. But that’s not enough. We want these numbers double, even triple. We want to increase cooperation with Turkish companies to benefit from their expertise in different sectors, mainly construction, tourism, engineering, food processing, chemicals, and information technology.

A long-awaited Free Trade Agreement (FTA) between the two countries, scoping list to examine their respective sectors of strength, with an ultimate aim to boost the bilateral trade volume.

The current trade volume between the two countries is $900 million. Turkey and Pakistan are engaged in Strategic Economic Framework (SEF) that aims to boost the bilateral trade volume.

Last year, Ankara presented its proposals on the SEF to Islamabad with an aim to expand the bilateral trade volume five times from its existing level.

The SEF includes some 71 actionable items – including free trade agreement, technology transfer, capacity building, and defence cooperation.

Pakistan expected Turkey, being part of the customs union with the European Union, to provide Islamabad access to the Turkish market under a status similar to the GSP Plus, but the agreement in this regard has not been not forthcoming.

 

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