ISLAMABAD, Pakistan: Pakistan and Turkiye on Friday signed the Goods in Trade Agreement to further cement their historic bilateral relations.
The Minister for Commerce Syed Naveed Qamar and Turkiye’s Minister of Trade Dr. Mehmet Mus signed the agreement at a Ceremony in Islamabad
It was witnessed by Prime Minister Shahbaz Sharif.
Signing of Trade in Goods Agreement between Pakistan & Turkey today will open up vistas of opportunities. This Agreement will be pivotal in achieving the initial trade target of $5 billion. There is an unlimited potential for bilateral trade. Let the world know we mean business.
— Shehbaz Sharif (@CMShehbaz) August 12, 2022
In his remarks on the occasion, the prime minister described it as a great milestone saying it will open new vistas of opportunities between the two Countries.
Shahbaz Sharif said that given our unlimited potential and outstanding commitment, signing of this trade agreement will lead to achieving higher heights in terms of enhanced trade and investment between the two countries.
Alluding to the untiring effort put in by both sides for the realization of this agreement, Shahbaz Sharif stressed for implementation of this agreement in letter and spirit. He said that this will show to the world that we mean business.
The Minister of Trade for Turkiye, in his remarks, said that both the Countries enjoy deep rooted relations.
Mehmet Mus said he strongly believes this agreement will enhance bilateral trade and help achieve the target of US$ 5 billion.
The Minister for Commerce Syed Naveed Qamar said that under the agreement both the Countries have given concessions to each other in trade of goods.
The minister said that Turkiye has given concessions to Pakistan on 231 tariff lines whilst Pakistan has given concessions on 130 lines.
Naveed Qamar said that this agreement is just the beginning, expressing the confidence this will lead us to a free trade agreement.