Trade potential can be increased, wants strong business partnerships. PHOTO: FILE
ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) has proposed that Pakistan and Turkey should establish direct road and railways links to further enhance economic relations and bilateral trade.
“The direct links will greatly help in further improving bilateral trade and economic relations between Pakistan and Turkey,” ICCI President Khalid Iqbal Malik said.
Talking to a Turkish delegation led by Fair Forum and Organization Commission Vice Chairman Omur Yildiz who recently visited Pakistan, the ICCI chief said that Pakistan and Turkey enjoy cordial ties and these should be transformed into a strong business partnership.
Malik said that China-Pakistan Economic Corridor (CPEC) offers huge investment opportunities and Turkish investors should focus on the energy, infrastructure, construction, information technology and agriculture sectors for investment and joint ventures.
He said that the potential for economic cooperation between Pakistan and Turkey has not been fully exploited as yet because bilateral trade volume of less than $1 billion is far less than the real potential.
“Both countries should focus on frequent exchanges of trade delegations and organise single country exhibitions to improve two-way trade.”
ICCI Senior Vice President Khalid Malik and Vice President Tahir Ayub also spoke on the occasion and urged that Pakistan and Turkey should focus on signing a free trade agreement to facilitate trade promotion.
The head of Turkish delegation invited Pakistani businessmen to participate in the Istanbul expo due to be held from November 9-12 to enhance their business prospects.
Published in The Express Tribune, October 7th, 2016.
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