Turkiye aspires to boost its two-way trade with Pakistan to $5 billion since both nations have the ability to raise the volume of trade in a wide range of goods.
During his visit to the Islamabad Chamber of Commerce and Industry, Nurettin Demir, Commercial Counsellor, Embassy of Turkey, made this statement to the business community.
He stated that the Pakistani business community should actively participate in the MUSIAD Expo, which will be held in Istanbul from November 2 to 5, in order to strengthen business ties with Turkish counterparts and discover new ways to advance bilateral trade between the two nations.
He said that Turkiye and Pakistan could enhance bilateral cooperation in many fields including machinery & parts, pharmaceuticals, chemicals, tourism and agriculture.
He said that he could help the Pakistani business community in customs affairs for doing trade with Turkiye.
He was hopeful that a free trade agreement between Turkiye and Pakistan would be finalized soon after its ratification from the parliament of Turkiye that would help in increasing the volume of trade between the two countries.
Speaking at the occasion, President, Islamabad Chamber of Commerce and Industry, Muhammad Shakeel Munir, said that Pakistan and Turkiye were enjoying exemplary cordial relations that should be transformed into growing trade and economic relations between the two countries.
In order to promote trade, he emphasized that the frequency of the train service between Pakistan and Tehran and Istanbul should be enhanced. Currently, it takes 45 days for goods from Turkey to arrive in Pakistan via third parties, which is difficult for both importers and exporters.
He claimed that Pakistan has abundant supplies of marble, granite, and other natural resources and advised Turkiye to consider joint ventures in these fields there in order to benefit both parties.
At the event, Mian Shaukat Masud, a former president of the ICCI, Muhammad Azharul Islam Zafar, and others spoke and offered helpful advice for fostering commercial relations between the two nations.
They asked that the issue of the language barrier be resolved in order to promote trade between the two nations.
They claimed that because Pakistan was already exporting software to so many other nations, Pakistan could export software items to Turkey.
They also mentioned furniture, construction, and information technology as possible fields for bilateral cooperative ventures.