Published On: Thu, Dec 26th, 2013
Published in Category: Islamabad

Expansion of Pak-Turk economic relationship discussed

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Islamabad: Minister of State for Commerce & Textile Industry Engr. Khurram Dastgir Khan, met his Turkish counterpart, Mehmet Zafer Çalayan here Tuesday to discuss expansion of Pak-Turk economic relationship, particularly in areas trade and investment.

The Ministers noted with satisfaction that a positive relationship existed between the elected leadership of both countries which provided the political will to deepen and widen simultaneously the historical friendship between the Pakistani and the Turkish peoples.

Both Ministers settled that taking the Pak-Turk relationship forward in the twenty-first century required that both countries traded extensively with and invested in each other.

Engr. Khurram Dastgir Khan and Mehmet Zafer Çalayan reviewed the 6th round of official-level talks on Pak-Turk Preferential Trade Agreement (PTA), which was concluded in Islamabad Tuesday.

Pakistan raised the issue of additional protective duties imposed in 2011 by Turkey on fabric and garments from Pakistan as well as the quantity-restriction on rice, while Turkey stressed opening up of Pakistan’s automobile and pharmaceutical sectors.

Minister of State for Commerce & Textile Industry noted that during an official visit to Turkey in September this year, Prime Minister Nawaz Sharif had allowed Turkish Airlines to start operating direct flights from Turkey to Lahore. Government of Pakistan issued the required permissions promptly and Turkish Airlines began operations to Lahore at the end of November.

Engr. Khurram Dastgir Khan also highlighted that aggressive infrastructure and privatization policies of PMLN government offered tremendous investment opportunities to Turkish companies.
Engr. Khurram Dastgir Khan and Mehmet Zafer Çalayan agreed to conclude the PTA negotiations at the earliest and to facilitate investment.