ISLAMABAD: A business delegation of Busra Province of Turkey led by TurgayYel, Inegol Deputy Mayor visited ICCI and exchanged views with Pakistani counterparts for further improving bilateral trade and economic relations between Pakistan and Turkey.
While speaking Inegol Deputy Mayor TurgayYel said after coming to Pakistan, they have realized that Pakistan offered great potential for Turkish investors and businessmen. He said about 500 Turkish businessmen have already visited Pakistan in recent days and more will come to Pakistan to explore business and investment opportunities, said a press release issued on Saturday.
He stressed that business communities of both countries have to make serious efforts to take bilateral trade to higher levels which would benefit both nations. He also invited ICCI delegation to visit Turkey as exchange of trade delegations was the best way to explore business matchmakings and further improve two-way trade between the two brotherly countries. He also thanked ICCI for giving Turkish delegation warm welcome and extending great hospitality.
While speaking ICCI President Atif Ikram Sheikh said that the economic cooperation’s potential between Pakistan and Turkey has not been fully tapped as yet despite similar economic structures and efforts of entrepreneurs of both countries. He said bilateral trade between Pakistan and Turkey had exceeded US$1 billion in 2011, however, it declined to around US$600 million in 2015.
He said Turkey has imposed additional safeguard duties on some Pakistani products including fabrics, hand knotted carpets and others which should be revised downward to improve bilateral trade. He said Turkish investors should explore investment opportunities in various sectors of Pakistan’s economy including energy, tourism, information technology, food processing, agro-based products, dairy development, furniture, hotel industry, resorts developments and others. He assured that ICCI would facilitate Turkish investors in enhancing investment in Pakistan.