Early Preferential Trade Agreement essential for promotion of bilateral trade between Pakistan and Turkey: Zakaria Usman

Karachi, August 07, 2014 (PPI-OT): Pakistan and Turkey are enjoying brotherly relations but there is a lot of opportunities need to be explored for expansion of bilateral trade and economic relations between the two countries and there is a need of early signing of PTA between two countries.

This was stated by Mr. Zakariya Usman President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in a meeting with Mr. Murat Mustu, Commercial Attaché of Turkey at Federation House, Karachi.

The meeting was attended by Mr. Shaukat Ahmed, Sr. Vice President FPCCI, Syed Mazhar Ali Nasir Vice President FPCCI and Mr. Amjad Rafi, Chairman Pakistan Turkey Joint Business Council (PTJBC) and other members of Pakistan Turkey Joint Business Council.

Mr. Zakariya Usman briefed the Commercial Attaché about FPCCI activities and its role in economic development of Pakistan. He informed that in the last Trilateral Summit held in Istanbul which was attended by the heads of States (Pakistan, Turkey and Afghanistan) and special emphasize was given on the promotion of economic relations and transportation facilities amongst members.

He also suggested that Pakistan should make use of expertise of Turkey in various sectors particularly in development of infrastructure, construction, energy and information technology. He also extended invitation to the Turkish businessmen to visit Karachi on the occasion of Expo Pakistan scheduled 23-26 October 2014 at Karachi.

While appreciating the efforts of Pakistan Turkey Joint Business Council he suggested for regular exchange of delegations and participation in trade fairs of each other countries. He also informed about holding of Executive Committee and General Assembly meetings of ECO-CCI scheduled on 2-4 September 2014, in which Presidency of ECO-CCI to be passed on to Pakistan for three years.

Mr. Shaukat Ahmed Sr. Vice President FPCCI pointed out that inspite of excellent relations between Pakistan and Turkey, Government of Turkey has imposed three percent duty on polymers which was being exported to Turkey for the last few years in reasonable quantity while the imports from Korea and Egypt etc are duty-free. This duty should be removed by Turkey for increasing Pakistan’s export to Turkey.

Mr. Amjad Rafi, Chairman Pakistan Turkey Joint Business Council gave a comprehensive presentation on bilateral trade and economic relations between two countries. He pointed out that due to delay in signing of PTA, the bilateral trade is not increasing.

He also emphasized the need for removal of countervailing duties on textile raw material which is already affected from resulting volume of trade since 2011. He also mentioned that as Pakistan railway has now improved their efficiency and their freight trains; the Gul train (Islamabad-Tehran-Istanbul train) be revived to run on regular basis to reduce the transportation time which by sea takes 25 days.

Mr. Rafi also requested him to extend custom facilities under GSP scheme to Pakistan as Turkey is the member of European Custom Union for the last 18 years. This would automatically improve bilateral trade and economic relations.

Mr. Murat Mustu, Commercial Attaché of Turkey in Karachi expressed his thanks to President FPCCI and other members and assured his full cooperation during his tenure in Pakistan. He also assured to pursue the issues/problems which were taken up during the meeting with Turkish government. He agreed to the fact that the bottlenecks mentioned in the meeting are major cause of low bilateral trade volume between two nations for which commercial office will pay its due role.

For more information, contact:
M. A. Lodhi
Secretary General
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road,
Shahra-e-Firdousi,
Karachi-75600, Pakistan
Tel: +92-21-35873691, 93-94
Fax: +92-21-35874332
Email: info@fpcci.com.pk
URL: www.fpcci.com.pk

The post Early Preferential Trade Agreement essential for promotion of bilateral trade between Pakistan and Turkey: Zakaria Usman appeared first on Business News Pakistan.

The post Early Preferential Trade Agreement essential for promotion of bilateral trade between Pakistan and Turkey: Zakaria Usman appeared first on AsiaNet-Pakistan.

Leave a Reply