Erdogan vows to take Pak-Turkey bilateral trade volume to $1b in first phase
ISLAMABAD: Turkish President Recep Tayyip Erdogan on Friday vowed to take Pak-Turkey bilateral trade volume to one billion dollars in the first phase and eventually to five billion dollars later.
Addressing the Pakistan-Turkey Business Forum in Islamabad, he said there was vast scope for increasing the current two-way trade volume of 800 million dollars. “We want to take the commercial relations between the two brotherly countries to the same level as political ties,” he said.
Recep Tayyip Erdogan said the two countries could collaborate in a number of industries for their mutual benefit. He said we should not allow protectionism or trade walls between us.
The Turkish president said his country was increasing investments in Pakistan. He said Turkey was one of the top twenty economies of the world. He said Turkey had brought down its debt from 72 percent of GDP to 33 percent. He said Turkey increased tourists from 13 million to 68 million, resulting in increased to 35 billion dollars from 8.5 billion dollars earned from this sector.
Addressing Pakistan-Turkey Business Forum, Prime Minister Imran Khan invited Turkish business community to invest in different sectors of Pakistan especially tourism, mining and agriculture.
He pointed out that Pakistan had a huge untapped potential in tourism including in beach and historic places. The prime minister said Pakistan could greatly benefit from the Turkish experience in the development of necessary infrastructure for the promotion of tourism.
Imran Khan said Pakistan also desired to learn from the experiences of Turkey in the fields of agriculture and mining.
He assured to fully facilitate Turkish business community including their joint ventures with Pakistani companies.