Pakistan to gain more from Free Trade Agreement between Pakistan and Turkey: Murat Onart

Lahore, November 26, 2015 (PPI-OT): Mr. Murat M. Onart, Consul General of Turkey in Karachi, while underscoring the need for having a Free Trade Agreement (FTA) between Pakistan and Turkey, stated that Pakistan was likely to benefit and it will gain more from the FTA between the two countries.

Exchanging views during his visit to Karachi Chamber of Commerce and Industry (KCCI), Turkish CG also stressed the need for exchanging more trade delegations between the two countries with a view to further improve the existing trade ties between the two brotherly countries.

Murat Mustu Commercial Attaché of Turkish Consulate in Karachi, Younus Muhammad Bashir President KCCI, Zia Ahmed Khan Senior Vice President KCCI, Muhammad Idrees Chairman of KCCI’s Special Committee for My Karachi Exhibition and KCCI Managing Committee members were present at the meeting.

Murat M. Onart further said that Pakistan and Turkey have been enjoying excellent brotherly relations and the Pakistani passport carriers are always warmly welcomed in Turkey.

Identifying some of the hurdles in way of smooth trade between the two countries, Murat Onart said that it normally takes almost a month to transport goods from Pakistan to Turkey through vessels. Turkey wanted to resolve this problem by initiating a train service for transportation of goods between Islamabad and Istanbul which could have reduced transportation time to 10 days only but the train service seems difficult to manage. “However, the good news is that Turkish Airlines is expanding its operations. When I came here there were only three flights a week with no cargo flight but now every day there are flights of Turkish Airlines with two cargo flights per week”, he added.

Commenting on overall security situation of Karachi city, the Consul General said that as compared to 2011, the situation is very different nowadays and the security situation of Karachi city has improved. “Turkish companies are not afraid of law and order situation in Karachi as many Turkish companies are operating their businesses even in countries like Somalia, Afghanistan and Iraq etc. so they have no problems in doing business here”, he added.

Commercial Attaché of Turkish Consulate in Karachi Murat Mustu, in his remarks, said that many trade delegations have been visiting Turkey from time to time and recently a delegation comprising KCCI representatives also visited Turkey last month to explore possibilities of enhancing trade but there is a need to send more and more such delegations. “We must also encourage Turkish companies to visit Karachi city so that they could personally see the improved law and order situation of this city and how business operate here”, he added.

Referring to My Karachi Exhibition 2016 scheduled to be organized in the month of March next year, he advised KCCI to send a special team to Turkey so that they could effectively promote this event and ensure maximum participation of Turkish companies.

Earlier while welcoming the Turkish Consul General, President KCCI stated that Karachi, being the financial and economic hub of Pakistan, offers profitable investment opportunities and added facilities for investment and joint ventures to Turkish businessmen and industrialists. “The law and order situation in Karachi is not an issue any more, thanks to the untiring efforts made by Law Enforcement Agencies in effectively dealing with serious lawlessness and restoring peace to a certain extent”, he added.

Turkish businessmen and industrialists can surely earn maximum profits by setting up their businesses or undertaking joint ventures in Karachi which contributes more than 65 percent revenue to the national kitty.

He said, “Karachi Chamber was keen to strengthen trade ties and exploring new bilateral trade prospects with Turkey as we believe that Pakistan’s improved relations and enhanced trade with Turkey would surely help in dealing with the ongoing economic crisis and ensure prosperity for our country.”

Commenting on Pakistan-Turkey Economic relations, Younus Bashir said economic ties were based on longstanding and deep rooted bilateral relationship providing economic and political support to each other. “Pakistan and Turkey have significant trade volume where Pakistan exported commodities worth $322.60 million while imported commodities worth $238.45 million during 2014-15, showing a trade balance of $84.15 million in favor of Pakistan”, he added.

He also invited Turkish companies to participate in 13th My Karachi – Oasis of Harmony exhibition scheduled to be organized in the month of March next year. This three-day long event is regularly being organized since 2004 which is attended by around 1 million visitors every year. My Karachi will provide an excellent opportunity to Turkish businessmen and industrialists to showcase their products and create strong linkages with the business and industrial community of Karachi by holding B2B meetings in a cordial atmosphere.

For more information, contact:
Aamir Hassan
Director Press/Electronic Media and Public Relations
Karachi Chamber of Commerce and Industry (KCCI)
Aiwan-e-Tijarat Road, Off Shahrah-e-Liaquat,
Karachi-74000
Phone: +92-21-99218001-09
Fax: +92-21-99218040
Email: info@kcci.com.pk, secretary@kcci.com.pk
Website: www.kcci.com.pk