Related Keywords: cheaper products to Turkish consumers, FTA, mutual benefit for both countries, negotiations on fast-track basis, Pakistan government, Pakistani textile products, revive textile economy, services and investment, special focus on goods, Turkey, Turkey levied heavy duties
The Pakistan government views Free Trade Agreement (FTA) with Turkey as the key to revive the textile economy. Currently, Turkey has levied heavy duties on Pakistani textile products and FTA would not be possible without lifting or easing the rates of duties by the Turkish government.
The introduction of FTA would be helpful in earning foreign exchange reserves from the export of textile as well as other such as fruits and vegetables. It will also facilitate the provision of comparatively cheaper products to Turkish consumers.
