ISLAMABAD: Pakistan and Turkey are to sign Trade in Goods Agreement (TGA) during the visit of Turkish Trade Minister to Pakistan, official sources told Business Recorder.
This was decided during the recent visit of Prime Minister Shehbaz Sharif to Turkey, wherein different bilateral issues came under discussion.
The sources said, initially, it was though that Turkish Trade Minister will visit Pakistan in June but now it is being scheduled at 15-25 July 2022.
“Pakistan –Turkey TGA will be concluded by end June. Turkish Trade Minister may sign TGA in Islamabad,” the sources said, adding that Commerce Division has been directed to interact with Turkish authorities. A Turkish business delegation will also visit Pakistan in June 2022.
During the visit of Prime Minister Shehbaz Sharif to Turkey, the two sides signed a Letter of Intent (LoI) to increase trade to $5 billion in three years. Commerce Ministry will interact with Turkish authorities for a follow-up.
Pakistan, Turkey agree to negotiate on PTA in goods
A Joint Task Force will be established comprising relevant politicians, officials and eminent businessmen, to monitor the milestones to be developed to achieve $5 billion bilateral trade and follow-up activities of the VVIP visit to Turkey. Foreign Minister Bilawal Bhutto Zardari has suggested that existing joint working group (JWG) of Trade and Investment be tasked to perform the above mentioned role as it is the platform for officials only; however, Prime Minister...
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