Pak-Turkey agree to negotiate on PTA

Jun 02, 2022: Pakistan and Turkey on Thursday discussed the proposed Preferential Trade Agreement (PTA) in goods for promoting trade liberalization and enhancing bilateral trade.

Both sides underscored the importance of early finalization of the PTA in goods which would open up new opportunities to boost bilateral trade across various sectors and it would be mutually beneficial, said a press release issued by the Ministry of Commerce here.

Speaking with Pakistani and Turkish businesspersons, the Minister for Commerce, Syed Naveed, emphasized the need to increase Business to Business engagements for strengthening trade and investment relations between the brotherly countries of Pakistan and Turkey.

On the occasion of Prime Minister Muhammad Shehbaz Sharif's visit to Turkey, the Ministry of Commerce co-hosted a B2B forum attended by more than 150 Pakistani and Turkish business persons, traders, and investors.

The delegation of Pakistani businesspersons, put together by the Ministry of Commerce and Trade Development Authority of Pakistan, represents the sectors with considerable potential for exports to Turkey such as Engineering, Agro-food, Pharmaceuticals, Rice, and Information Technology (IT), Textiles, etc.

Syed Naveed Qamar, Federal Minister for Commerce, who is accompanying the Prime Minister, also attended meetings with his counterpart Dr. Mehmet Mus Minister of Trade of Turkey, and discussed the way forward to enhance bilateral trade.

APP