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ISLAMABAD, Nov 16 (APP): Business community here on Wednesday welcomed state visit of the Turkish President Recep Tayyip Erdogan to Pakistan and said it would open new vistas for trade and investment.
In a statement received here, they said that it would not only
help transforming bilateral relations into economic partnership for the mutual benefit of both countries but also give impetus for restoration of peace and ushering an era of prosperity in the region.
Vice Chairman SAARC Chamber of Commerce and Industry Iftikhar Ali Malik said that Pakistan and Turkey were not only geographically neighbors, but the affinity between both the countries was unique.
He said entrepreneurs as well as policy makers at government level could learn a lot from shared economic visions especially Pakistan needs to evaluate those economic policy envisioned during dynamic leadership of President Erdogan.
Turkey made exceptional economic progress in the first ten years of Erdogan’s rule than what it was able to achieve in decades adding he said Turkey is now the world’s 18th largest economy, he added.
He said under the framework of ‘Turkey-Pakistan High Level Strategic Cooperation Council’ working groups have been established on industry, trade investment, banking and finance.
He said that international trade was becoming an increasingly important factor in creating jobs, enhancing competitiveness and efficiency of the domestic industry and strengthening development efforts.
Iftikhar Malik was of the view that traditional barriers to trade including tariffs and quantitative restrictions are being dismantled with a view to promote cross-border trade.
Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Ashfaq said there is a great scope of flourishing furniture trade between Pakistan and Turkey.
Pakistani and Turkish business community have common objectives and goals and both the sides showed their keen interests to work together to synergize the efforts for greater efficiency,”he added.