Trade corridor: Exports from Pakistan to Turkey

ISLAMABAD: The planned Islamabad-Tehran-Istanbul trade corridor will help Pakistan export its trade goods to Turkey without any hindrance. The trade corridor, known as Economic Corporation Organization (ECO) trade corridor, will later be expanded to the European countries. This decision was taken in the fifth meeting of the ECO. At the Transit Transport Coordination Council meeting, held in Islamabad last year, a source in the Ministry of Communications said that ECO provided an opportunity of trade development as its member state borders are stretched from Europe to South Asia and from the shores of Arabian Sea to the Russian frontiers. He also said that Pakistan has extended transit trade facilities to land-locked member states of ECO through its warm water seaports. The benefits of this facility can not be optimised without an efficient road and rail network, he said. The Ministry of Communications said that the National Trade Corridor would provide an efficient and economical road network for inter-regional connectivity, particularly an effective access to Pakistan’s seaports to ECO member states.

Published in The Express Tribune, February 28^th, 2013.

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