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ISLAMABAD, Jul 20 (APP): Pakistan and Turkey have agreed to explore the possibilities of further economic integration through improved railways and road connectivity besides taking concrete measures to expand their bilateral trade and investment.The decisions came during the meeting of the Foreign Secretaries as part of regular bilateral political consultations in Ankara.Pakistan delegation was led by Foreign Secretary, Salman Bashir and the Turkish side by their Undersecretary for Foreign Affairs, Feridun Hadi Sinirlioglu.The two sides took stock of the entire spectrum of the bilateral relations including political, economic and trade, defence, cultural and education fields between the two countries.Foreign Secretary, Salman Bashir noting the special nature of Pakistan-Turkey relations stressed the need for translating these excellent ties into more meaningful cooperation in the economic field.
It was agreed that the forthcoming meeting of Joint Economic Commission to be held in Ankara in near future, will take up proposals for expanding bilateral trade and as well as investments in energy, infrastructure and social sector development.
Consultations for Preferential Trade Agreement will also be held simultaneously.
The two sides agreed to hold the next session of High Level Cooperation Council (HLCC) by the end of this year or early next year.
The last HLCC meeting was held in Ankara and its Pakistans turn to host the next session.
Co-chaired by the Prime Ministers of the two countries, HLCC is the highest decision making body providing a structured mechanism of cooperation.
As envisioned by Presidents of Pakistan and Turkey, both sides agreed to explore the possibilities of further economic integration through improved railways and road connectivity that could be further extended to Afghanistan and the Central Asian region.
A feasibility study is currently being undertaken for the upgradation of Istanbul-Islamabad cargo train service through involvement of the private sector.
Bashir praised Turkeys important role for bringing peace and stability in the region and expressed support for Turkeys proposal to hold a regional conference on Afghanistan on November 2 in Istanbul.
Sinirlioglu acknowledged valuable contributions and immense sacrifices rendered by the people of Pakistan in the fight against terrorism in the region.
He said that Turkey would always stand by Pakistan in these challenging times.
The two sides also exchanged views on the situation in North Africa and the Middle East.
Associated Press Of Pakistan ( Pakistan's Premier NEWS Agency ) - Pakistan, Turkey to work on economic integration through rail connectivity
It was agreed that the forthcoming meeting of Joint Economic Commission to be held in Ankara in near future, will take up proposals for expanding bilateral trade and as well as investments in energy, infrastructure and social sector development.
Consultations for Preferential Trade Agreement will also be held simultaneously.
The two sides agreed to hold the next session of High Level Cooperation Council (HLCC) by the end of this year or early next year.
The last HLCC meeting was held in Ankara and its Pakistans turn to host the next session.
Co-chaired by the Prime Ministers of the two countries, HLCC is the highest decision making body providing a structured mechanism of cooperation.
As envisioned by Presidents of Pakistan and Turkey, both sides agreed to explore the possibilities of further economic integration through improved railways and road connectivity that could be further extended to Afghanistan and the Central Asian region.
A feasibility study is currently being undertaken for the upgradation of Istanbul-Islamabad cargo train service through involvement of the private sector.
Bashir praised Turkeys important role for bringing peace and stability in the region and expressed support for Turkeys proposal to hold a regional conference on Afghanistan on November 2 in Istanbul.
Sinirlioglu acknowledged valuable contributions and immense sacrifices rendered by the people of Pakistan in the fight against terrorism in the region.
He said that Turkey would always stand by Pakistan in these challenging times.
The two sides also exchanged views on the situation in North Africa and the Middle East.
Associated Press Of Pakistan ( Pakistan's Premier NEWS Agency ) - Pakistan, Turkey to work on economic integration through rail connectivity
