The Turkey-Pakistan Free Trade Agreement (also known as Pakistan-Turkey FTA) is an under-negotiation

free trade agreement A free-trade agreement (FTA) or treaty is an agreement according to international law to form a free-trade area between the cooperating states. There are two types of trade agreements: bilateral and multilateral. Bilateral trade agreements occur ...

between Pakistan and Turkey. The decision to initiate negotiations for a comprehensive bilateral FTA covering trade in goods, services and investment was taken at the 4th Session of the High Level Strategic Cooperation Council (HLSCC) in

Islamabad Islamabad (; ur, , ) is the capital city of Pakistan. It is the country's ninth-most populous city, with a population of over 1.2 million people, and is federally administered by the Pakistani government as part of the Islamabad Capital T ...

in February 2015. The FTA negotiations began in

Ankara Ankara ( , ; ), historically known as Ancyra and Angora, is the capital of Turkey. Located in the central part of Anatolia, the city has a population of 5.1 million in its urban center and over 5.7 million in Ankara Province, maki ...

in October 2015. During negotiations held between August 29–31 in Islamabad, both countries agreed to eliminate 85% of tariffs. The FTA is projected to increase bilateral trade to $5 billion between the years 2016 and 2019 and then to $10 billion by 2022. The free trade agreement between the two countries was expected to be signed before the end of 2016. The

Turkish Industrialists' and Businessmen's Association Turkish may refer to: *a Turkic language spoken by the Turks * of or about Turkey ** Turkish language *** Turkish alphabet ** Turkish people, a Turkic ethnic group and nation *** Turkish citizen, a citizen of Turkey *** Turkish communities and mi ...

and

Karachi Chamber of Commerce & Industry The Karachi Chamber of Commerce and Industry (KCCI) is the Chamber of Commerce for Karachi, Pakistan. They aim to improve Pakistan's business environment and economic well-being, especially in Karachi. They seek to provide advocacy and opportu ...

have supported the FTA. Prime Minister Shehbaz Sharif witnessed the inking of the Preferential Trade Agreement at a ceremony held at the PM Office, as the visiting Turkish Trade Minister Dr Mehmet Mus and Minister for Commerce Syed Naveed Qamar signed the accord.

References

Free trade agreements of Turkey Free trade agreements of Pakistan Proposed free trade agreements Nawaz Sharif administration 2016 in Pakistan 2016 in Pakistani politics {{Pakistan-gov-stub