Published On: Fri, Nov 15th, 2019
Published in Category: Islamabad

Turkey interested to explore JVs and investment in SEZs in Pakistan

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Islamabad: Ambassador of Turkey in Pakistan, Ihsan Mustafa Yurdakul has said that Turkey and Pakistan enjoyed historic cordial relations that should be transformed into growing trade and economic relations between the two countries.

He said this while talking to a delegation of Islamabad Chamber of Commerce and Industry that called on him led by President ICCI Muhammad Ahmed Waheed.

Ihsan Mustafa Yurdakul said that Turkish companies are interested to explore joint ventures and investment in Special Economic Zones(SEZs) that would be built in Pakistan under CPEC and added that for this purpose a delegation of Turkish businessman could be invited to Pakistan to study business opportunities in SEZs. He said that both countries have good potential to complement each other in many areas for which better connectivity between private sectors of both countries was needed.

He assured that Turkish Embassy would cooperate in efforts aimed at promoting direct linkages between business communities of both countries.

Speaking at the occasion President, Islamabad Chamber of Commerce and Industry Muhammad Ahmed Waheed said that Pakistan and Turkey have been negotiating for signing a free trade agreement and many rounds of negotiations have already been held for this purpose. He said that during the upcoming visit of Turkish President Recep Tayyip Erodgan to Pakistan, both countries should sign the free trade agreement that would give boost to trade relations between Pakistan and Turkey. He welcomed the proposal of Turkish Ambassador for visit of Turkish business delegation to Pakistan and assured that ICCI would cooperate in connecting them with right partners in Pakistan.

Both sides discussed a range of options to develop strong business linkages between the private sectors of both countries for promoting trade and economic relations between Pakistan and Turkey.