KARACHI: Commercial Attache of Turkey, Eyup Yildirim, has said that Turkey will provide full support to businesspeople from Pakistan for opening business offices in Turkey and this will be a move under the Strategic Economic Front (SEF) between the two countries.

Replying to different questions from members of executive committee of Pakistan Yarn Merchants Association (PYMA) during a meeting, he said that the proposed Free Trade Agreement (FTA) between Turkey and Pakistan and MoU are major developments in the bilateral trade and demands raised by PYMA will be met.

Turkish Consulate in Karachi and PYMA have also agreed on joint efforts to boost bilateral trade and investment ties.

In this regard, new avenues for investment in various sectors of the economy will be explored and attention will also be paid to the exchange of trade delegations.

He further said that Turkey and Pakistan will work together for the promotion of yarn, fabric and textile industry whereas initiatives will be taken for meetings between businessmen of both the countries on quarterly basis.

Beside this, after the COVID-19 pandemic, B2B meetings will be arranged between businessmen of Turkey and Pakistan.

M. Hanif Lakhany, Senior Vice Chairman, and Farhan Ashrafi, Vice Chairman of PYMA, termed the role of the consulate important in promoting bilateral trade and ensuring easy access to Turkish markets, including visas for yarn traders.

They said that details of Turkey’s economic zone and incentives given to foreign investors in terms of foreign investment should be exchanged and details of yarns, garments, textile manufacturers, importers and exporters should also be exchanged.

The procedure of setting up business offices in Turkey should also be explained.

Copyright Business Recorder, 2021