Turkish President Recep Tayyip Erdogan’s Pakistan visit is imperative and officious than the prior official visits. One of the Strongest Muslim Powerhouse’s Visit to Pakistan is surely very important. Why Turkish President’s Visit to Pakistan is Tremendously Important? Let’s see!
Moreover, the Turkish president expected to reach Pakistan today evening. According to the official media briefing, Turkey’s customary visit to Pakistan is very important in the E-Commerce Spectrum.
PM Imran Khan’s adviser, Abdul Razzak Dawood said in an interview on Wednesday
“The most recent Turkish President Recep Tayyip Erdogan’s Pakistan visit already strengthened bilateral ties have gone to a higher level, regarding Commerce, Industries and Investment arenas. Islamabad is expecting “much more” out of the forthcoming visit compared to the previous ones. We look at this visit as very very important. He [Erdogan] is bringing a strong business delegation with him, which shows his eagerness to bolster trade and economic ties with Pakistan.
What I am expecting is that we already have the presence of Turkish companies here. But that’s not enough. We want these numbers double, even triple,” Dawood said, adding: “We want to increase cooperation with Turkish companies to benefit from their expertise in different sectors, mainly construction, tourism, engineering, food processing, chemicals, and information technology.
I met the Turkish commerce minister in Davos, Switzerland [on the sidelines of the World Economic Forum meeting] twice. We have orally agreed on a framework to boost our bilateral trade volume, I am sure that based on this study [scoping list], we will be able to identify the sectors to cooperate. We have already signed the FTA with China, and now we are looking forward to following the suit with Turkey.”
Mentioning to a long-awaited Free Trade Agreement (FTA) amid the two countries
Likewise, duo countries have mutually decided to concoct a “scoping list” to scrutinize their corresponding divisions of strength, with an eventual intention to enhance the two-pronged trade dimensions. Though, the current consumed trade capacity between the two countries is $900 million. Turkey and Pakistan are affianced in Strategic Economic Framework (SEF) that objectives to boost the bilateral trade volume.
Why Turkish President’s Visit to Pakistan is Tremendously Important
The Prompting Facts of the on-going Established Meeting are Mentioned Here:
- Inflate the bilateral trade volume five times from its existing level.
- Erdogan’s Pakistan visit is a ‘golden opportunity’ to boost trade ties and to achieve all-out trade assistance.
- Strategic Economic Framework (SEF) comprises of 71 constructive items that are feasibly actionable. For instance, free trade agreement, technology transmission, capacity building, and defense collaboration.
Hopefully, a Turkish visit to Pakistan would disentangle bilateral corporate constraints between the two countries.