Tuesday, February 25, 2020
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Pakistan, Turkey vow to boost bilateral trade ties

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ISLAMABAD – Pakistan Prime Minister (PM) Imran Khan and Turkish President Recep Tayyip Erdogan on Friday have vowed to boost bilateral trade ties in order to strengthen the friendship between both the countries.

Addressing the Pakistan-Turkey Business Forum in Islamabad, PM Imran Khan has invited Turkish business community to invest in different sectors of Pakistan especially tourism, mining and agriculture. He pointed out that Pakistan has a huge untapped potential in tourism including in beach and historic places.

The PM said Pakistan can greatly benefit from the Turkish experience in the development of necessary infrastructure for the promotion of tourism. He said Pakistan also desires to learn from the experiences of Turkey in the fields of agriculture and mining.

Imran Khan further assured to fully facilitate Turkish business community including their joint ventures with Pakistani companies.

He expressed the confidence that the business communities of both the countries will come forward to benefit from the excellent political relationship that exists between the two countries.

Speaking to the participants of the forum, Turkish President Recep Tayyip Erdogan pledged to take Pak-Turkey bilateral trade volume to one billion dollars in the first phase and eventually to five billion dollars later.

He said there is vast scope for increasing the current two way trade volume of 800 million dollars. He said we want to take the commercial relations between the two brotherly countries to the same level as political ties.

Recep Tayyip Erdogan said the two countries can collaborate in a number of industries for their mutual benefit. He said we should not allow protectionism or trade walls between us.

The Turkish president said his country is increasing investments in Pakistan. Turkey is one of the top twenty economies of the world. We have brought down our debt from 72 percent of GDP to 33 percent, he told.

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