Pakistanâ€š Turkey agree for preferential trade agreement
The understanding was reached at talks between PM Nawaz Sharif and his Turkish counterpart in Islamabad on Tuesday.
Pakistan and Turkey have agreed to conclude preferential trade agreement in the first quarter of next year to promote trade between the two countries.
The understanding came at a meeting between Prime Minister Nawaz Sharif and his Turkish counterpart Recep Tayyip ErdoÄŸan in Islamabad.
Later in a press stake out along with his Turkish counterpart‚ Prime Minister Nawaz Sharif expressed the confidence that this economic framework will significantly contribute to trade facilitation between the two friendly Muslim countries.
He said both the sides have agreed to intensify cooperation in the sectors of energy‚ trade‚ urban and infrastructure development and housing.
Prime Minister Nawaz Sharif termed the Turkish Prime Minister's visit to Pakistan as a milestone in bilateral relations between the two countries.
He said the strong business delegation accompanying Prime Minister ErdoÄŸan is an affirmation of the confidence that Turkish companies have in business opportunities in Pakistan.
Nawaz Sharif said we have just concluded a comprehensive review of our bilateral relations as well as regional and international issues of mutual concern. He said their discussions were marked by unanimity of views on all issues.
The Prime Minister said two sides have also signed a number of MoUs which includes making Islamabad-Tehran-Istanbul ECO Container train operative. Regular operations of the train will harness greater economic integration between the region and beyond. He expressed the confidence that our interactions of today would further intensify the cooperative partnership between the two countries.
In his remarks‚ the Turkish Prime Minister said we are attaching great significance to bilateral visits in order to enhance cooperation in different fields. Our political relations with Pakistan are gaining strength to achieve the desired objectives. He said we want to enhance cooperation with Pakistan in the areas of aviation‚ railways and maritime. We plan to open a new consulate in Lahore. These steps will help cement our relations in future.
Turkish Prime Minister said Turkey attaches great importance to high level bilateral visits and said these would further strengthen our relations in fields of common interest.
He said Pakistan is our brother and deep ties exist between thet wo countries.
Pakistan and Turkey signed two MOUs in Islamabad today [Tuesday] for cooperation in different sectors.
One related to cooperation in sports and the other to coping with the natural disasters.
Prime Ministers of both the countries witnessed the signing ceremony.
Earlier‚ Prime Minister Nawaz Sharif and Turkish Prime Minister Recep Tayyip ErdoÄŸan held talks at the prime minister house in Islamabad.
They discussed the entire gamut of bilateral relations with particular focus on promoting trade and economic cooperation.
Earlier‚ on arrival at the prime minister house‚ a warm welcome was accorded to the visiting dignitary.
A formal welcome ceremony was held in honor of the visiting Turkish Prime Minister.
On the occasion‚ anthems of both the countries were played.
A smartly turned out contingent of armed forces presented guard of honor to the visiting dignitary.
President Mamnoon Hussain will host a luncheon in honour of the Turkish Prime Minister.
Prime Minister Muhammad Nawaz Sharif and his Turkish counterpart Recep Tayyip ErdoÄŸan have vowed to take bilateral cooperation in diverse fields to new heights.
They made this pledge while addressing the Pak-Turk Business Forum in Lahore.
Nawaz Sharif said Pakistan plans to build economic corridors and expressways to link its markets with the regional countries and the Turkish expertise can complement our ambitions in undertaking such projects.
Nawaz Sharif said that he was very much encouraged by the interest shown by the Turkish companies in Bhasha and Bunji dams‚ Lahore-Karachi Motorway and Gaddani Power park.
He said Pakistan's Board of Investment and the Pak-Turk business Council are also working to boost cooperation in textile‚ automotive and communication sectors.
The Turkish Prime Minister Recep Tayyeb Erdogan said he considers Pakistan as his second home and is proud of this relationship.
He said he has brought with him representatives of thirty nine Turkish Companies as well as a huge trade delegation to explore investment opportunities in Pakistan.
The Turkish Prime Minister said the current trade volume between Pakistan and Turkey hovers around eighty three million dollars which did not manifest the actual trade potential existed between the two brotherly countries.
He appreciated Prime Minister Nawaz Sharif's economic policies that have restored foreign investors confidence to invest in Pakistan.
Pakistan and Turkey have signed three Memoranda of Understanding in Lahore.
The MOUs relate to enhancing cooperation between Punjab Industrial Department and Turkey Cooperation Agency‚ Pakistan Railways and Turkish Logistics Organization and Pakistan Standard Quality Control Authority and Turkish Standard Institution.
Prime Minister Muhammad Nawaz Sharif hosted a dinner in honour of Turkish Prime Minister Recep Tayyip Erdogan and his delegation at Hazuri Bagh‚ Lahore Fort.
Punjab Chief Minister Muhammad Shahbaz Sharif‚ Chairman Senate Syed Nayyar Hussain Bukhari‚ Speaker Punjab Assembly Rana Muhammad Iqbal Khan‚ Federal and Provincial Ministers‚ parliamentarians and industrialists also attend the dinner.
Earlier‚ Turkish Prime Minister Erdogan laid a floral wreath at the mausoleum of the philosopher poet Dr Allama Muhammad Iqbal and offered Fateha. The Turkish Premier also recorded his impressions in the visitor’s book.
Erdogan also visited the historic Badshahi Mosque.