Turkiye eyes US$ 5b bilateral trade potential with Pakistan


Turkiye wants to increase bilateral trade with Pakistan to at least $ 5 billion in the next 2-3 years as both countries have good potential to further enhance two-way trade volume in many items.

This was stated by Dr Mehmet Pacaci, Ambassador of Turkiye while talking to a delegation of Islamabad Chamber of Commerce and Industry that called on him in his office led by its president Ahsan Zafar Bakhtawari.

Nurettin Demir, Commercial Counsellor of Turkiye Embassy was also present in the meeting, said a press release issued here Tuesday.

The envoy appreciated the initiative of ICCI for organizing an International Housing Expo in collaboration with the Ministry of Housing & Works and assured that Turkish companies in Pakistan shall participate in the Expo whereas the companies and dignitaries from Turkiye would also be encouraged to join the Expo.

Talking about trade through roads and railways, he said that Pakistan should upgrade its railways system to make it compatible with the railways system of Turkiye in order to promote bilateral trade through railways cargo. He said that trade through the road network can be cheaper due to low oil prices in Iran.

He proposed to form a committee comprising representatives of all stakeholders from both sides to discuss options and modalities for trade promotion through railways and roads links. He said that Turkiye was manufacturing electric vehicles and it can cooperate with Pakistan in this sector.

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