ISLAMABAD, 13 March 2020, TON: Turkish Ambassador to Pakistan Mustafa Yurdakul said that Turkey wants to strengthen the bilateral trade between the two countries. Turkey seeks to maintain long-lasting free trade agreement with Pakistan.  It would be in the interest of both the brother countries.

“The existing two-way trade between Pakistan and Turkey amounts to around $800 million, which is far from the true potential keeping in view that both countries have a common market worth billions of dollars,” he said.

He was addressing to Islamabad chamber of commerce and Industry (ICCI) on Thursday. He said through this trade pact annual bilateral trade would rise to $5 billion between the two countries.

He said “Pakistan has a great potential for foreign direct investment (FDI) and Turkish companies want to take the first-mover advantage in this regard, however, Pakistan needs to improve ease of doing business further,”.

He said Turkish investors should require the complete information about the mega project of CPEC in regard to investment prospect in relation to Special Economic Zones(SEZs) so that they would join it. ICCI President Muhammad Ahmed Waheed said Pakistan and Turkey soon sign the Free Trade Agreement (FTA). This agreement would pave the way to increase mutual trade between the true countries and would strengthen the relation between Turkey and Pakistan. Muhammad Waheed ICCI President said Turkey should cooperate with Pakistan in developing tourism Industry in Pakistan.