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Pakistan and Turkey to sign an MOU to boost economy, trade and investment

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Pakistan and Turkey to sign an MOU to boost economy, trade and investment

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Thursday – During a meeting of the Joint Working Group on Trade and Investment, Pakistan and Turkey finalised two memorandums of understandings (MoUs) to increase the level of economic engagement and mobilise the untapped potential for increasing investment and trade.

Which MoUs were finalised?

The two MoUs finalised by the JWG include one on Trade Facilitation and Customs Cooperation, and the other to reinforce cooperation in the field of Halal Accre­ditation.

The two countries have also agreed to explore the possibilities of enhancing bilateral trade by mutually beneficial market access and trade facilitation. Pakistan and Turkey will encourage their businessmen to establish joint ventures in industrial sectors and cooperate in the field of e-commerce. 

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