Turkey wants a sustainable and long-lasting free trade agreement (FTA) with Pakistan to have a win-win situation for both the countries.
The ice between Pakistan and Turkey on Free Trade Agreement has thawed and to this effect the commerce ministry will highlight the potential sectors on FTA in March and begin negotiating on the FTA in Ankara in April.
Morocco has succeeded in convincing Turkey to review a list of Moroccan complaints on a free trade agreement between the countries, said the trade minister.
Turkish President Recep Tayyip Erdogan’s visit to Pakistan this week will not only help strengthen economic cooperation between the two countries but will also help boost bilateral trade
The completion of the free trade agreement is said to enable Turkey and Ukraine to faster achieve their bilateral trade volume target of $10 billion.
The Swiss government has delayed fully signing off on the expanded free-trade deal between EFTA and Turkey amid concern about human rights abuses.
Pakistan’s team exchanged its draft agreement with Turkish team’s draft and prepared a consensus document which will again be shared with the federal cabinet for approval before presenting it to the ICSID.
Pakistan approved waiving off all port dues/charges amounting to Rs194,951,059 on 31-1-2020 or till the vessels leave the port accruing against Karkey.
Tension between Egypt and Turkey surfaced again as the industry committee at the Egyptian parliament called for annulling the free trade agreement between the two countries, saying it “harms local products”.
The Paraguay president plans to visit Turkey in March 2020 and sign an agreement for the reciprocal promotion and protection of investments.
Ukraine and Turkey are holding talks in Ankara on the signing of a free trade agreement, the Embassy of Ukraine in Turkey has reported on its Twitter account.
Despite debates about crisis in investment treaty arbitration, most emerging market economies are concluding BITs that provide for ISDS and emerging market multinational companies appear to welcome ISDS.
Morocco and Turkey agreed to review their free trade deal as Rabat struggles to curb its roughly $2 billion annual trade deficit with Ankara.
Thailand and Bangladesh will kick off talks to establish a free trade agreement. The Thai cabinet has also approved a proposal to sign an FTA with Turkey.
Addressing a ceremony in the Turkish capital Ankara, the Thai ambassador said the two countries hope to conclude the FTA by 2020.
Joint Morocco-Turkey "technical commission" might be created to investigate "means of rebalancing the commercial relations between the two countries."
As Morocco plans to walk out of its Free Trade Agreement with Turkey, Moroccan textile producers are set to be the big winners.
Turkey and Japan aim to finalize negotiations on an economic partnership deal by the end of 2019.
Waheed said that Pakistan and Turkey have been negotiating a free trade agreement and many rounds of talks have already been held for this purpose.