Pakistan delaying PTA signing: Turkey

Published August 7, 2014
Ankara is ready to sign the much-awaited Preferential Trade Agreement (PTA) with Islamabad. — Photo by INP
Ankara is ready to sign the much-awaited Preferential Trade Agreement (PTA) with Islamabad. — Photo by INP

KARACHI: Ankara is ready to sign the much-awaited Preferential Trade Agreement (PTA) with Islamabad as “nothing is pending from the Turkish side but it is being delayed by the Pakistani government”, a Turkish official said on Wednesday.

Speaking at a meeting during his visit to the Kara­chi Chamber of Commerce and Industry (KCCI) on Wednesday, Murat Mustu, Commercial Attaché at the Consulate General of Republic of Turkey in Karachi, said that with the signing of PTA, concession on many goods will be granted to Pakistani exporters to penetrate deeper into the Turkish market.

“It is the desire of Turkish government to stren­gthen trade ties with Pakistan. We must make efforts to in­­crease trade volume and in­­vestments in our countries.”

The attaché mentioned that Pakistan’s livestock sector has the potential to considerably raise exports as its meat was more delicious and cheaper when compared with Turkish meat, said a KCCI’s press release.

He informed that a three-member delegation will be visiting the KCCI on Aug 13 to brief its members about 15th MUSIAD International Fair and 18th International Business Forum Conference scheduled to be organised at CNR Centre in Istanbul from Nov 26-30. Besides Karachi, this delegation will also be visiting Lahore and Islamabad to seek advices on how to boost bilateral trade.

Another two-member Turkish delegation will also be arriving in Pakistan soon to ensure participation of Pakistani businessmen in ‘Istanbul Jewellery Show’ to be held from Oct 16-19.

KCCI President Abdullah Zaki stressed the need to fast-track work on signing of the PTA which would substantially improve the trade volume.

Chairman Diplomatic Af­­fairs Sub-Committee KCCI, Abdul Jabbar, pointed out that the Turkish government imposed anti-dumping duty on textile products in July 2011 which affected Pakis­tan’s textile exports. He sought Turkish attaché’s help in convincing its government to abolish this duty which, if removed, will noti­ce­­ably improve Pakis­tan’s textile exports to Turkey.

Published in Dawn, August 7th, 2014

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Military option
Updated 21 Nov, 2024

Military option

While restoring peace is essential, addressing Balochistan’s socioeconomic deprivation is equally important.
HIV/AIDS disaster
21 Nov, 2024

HIV/AIDS disaster

A TORTUROUS sense of déjà vu is attached to the latest health fiasco at Multan’s Nishtar Hospital. The largest...
Dubious pardon
21 Nov, 2024

Dubious pardon

IT is disturbing how a crime as grave as custodial death has culminated in an out-of-court ‘settlement’. The...
Islamabad protest
Updated 20 Nov, 2024

Islamabad protest

As Nov 24 draws nearer, both the PTI and the Islamabad administration must remain wary and keep within the limits of reason and the law.
PIA uncertainty
20 Nov, 2024

PIA uncertainty

THE failed attempt to privatise the national flag carrier late last month has led to a fierce debate around the...
T20 disappointment
20 Nov, 2024

T20 disappointment

AFTER experiencing the historic high of the One-day International series triumph against Australia, Pakistan came...