Home Business Pakistan and Turkey hold FTA talks in Ankara

Pakistan and Turkey hold FTA talks in Ankara

Pakistan and Turkey have commenced negotiations on a bilateral Free Trade Agreement (FTA). The inaugural session of FTA negotiations has concluded in Ankara.

Signing of TORs

The decision to have a Pakistan-Turkey Free Trade Agreement was taken by Prime Minister Muhammad Nawaz Sharif and Prime Minister Ahmet Davutoglu during the 4th session of the High Level Strategic Cooperation Council (HLSC) in Islamabad in February 2015. The decision envisaged an FTA covering trade in goods, services and investments.

The Pakistan delegation was led by Ms. Robina Athar, Additional Secretary, Ministry of Commerce, and included Pakistan’s Ambassador to Turkey Sohail Mahmood and Consul General in Istanbul Dr. Yusuf Junaid. The Turkish side was led by Acting Deputy Undersecretary of the Ministry of Economy Mr. Husnu Dilemre and included senior officials from relevant Turkish departments.

During the talks, the two sides reiterated their commitment to have a comprehensive FTA and conclude the negotiations on a fast- track basis. At the conclusion of the session, the two sides signed the Terms of Reference (TORs) for FTA negotiations.

The next round of the negotiations would be held in Islamabad in December 2015.

Must Read

vivo X60 Pro is Here to Win Hearts with Its Ultra-Thin Quad-Curve Design and Premium Aesthetics

Smartphones have evolved from being mere voice-communication devices to accessories that resonate with one's style and personality. As a customer-centric brand, vivo is all...

OPPO brings to you Hum TV’s new drama Tanaa Banaa to add colors to the blissful month of Ramazan

16th April 2021. This month, OPPO wishes to share every moment with its people, whether it be happiness or sorrow, excitement or fun, OPPO...

realme 8 Series Launch Event Photo Leaked

Tech companies around the world are pretty tight-lipped about their products and guard the information fiercely. Hence, the social media gets lit up when...

vivo Pakistan Announces Contactless Customer Support via WhatsApp

vivo, the leading global smartphone brand, makes its customer support accessible remotely through WhatsApp to offer instant and contactless support to customers’ queries across...

Driving the FinTech Revolution: UPaisa and Abacus partner to fast track digital transformation

UPaisa and Abacus entered into a strategic partnership for the launch of a mobile application which simplifies cashless transactions and expands access to better...