Deputy Chairman of Planning Commission Sartaj Aziz stressed the need for early conclusion of Free Trade Agreement between Pakistan and Turkey to help boosting bilateral trade.
The eighth round of negotiations on the Turkey-Japan FTA, which was launched with an initiative of President Recep Tayyip Erdoğan back in 2014, was held in Ankara.
Serbia said it has signed a free trade agreement with Turkey to boost its meat and food exports.
Turkish President Erdogan’s visit to Paris earlier this month was beset with bitter messages from French president Emmanuel Macron on Turkey’s EU journey, as he openly remarked that political developments in Turkey were blocking its EU accession bid and the idea of a new partnership instead of full membership needs to be entertained.
Despite several rounds of talks and negotiations spanning over a decade, progress has yet to be made on reaching a free trade agreement with Turkey.
Last week, Turkey and Somalia signed economic partnership agreement.The countries also came to an understanding on fishing and fisheries. Under this, Turkish fishermen will be able to fish in Somalia’s territorial waters.
Indonesia and Turkey held first round on Comprehensive Economic Partnership Agreement in Jakarta. Delegations from both the countries discussed the agreement’s terms of reference (ToR) as well as trade issues, such as legal matters and customs.
Ukraine’s Ambassador to Turkey Andrii Sybiha considers the conclusion of the agreement on a free trade area (FTA) with Turkey as one of the key priorities of 2018.
Turkish and South Korean announced the completion of the approval processes for the Free Trade Agreement. The approval processes of the Service Trade Agreement will also be completed soon, they also stated.
South Korea and Turkey reviewed the implementation of a bilateral free trade agreement and discussed ways to reduce non-tariff barriers
Delegations from the European Free Trade Association states and Turkey met in Ankara for the sixth round of negotiations on the modernization and expansion of their existing free trade agreement.
Pakistan has successfully gotten a stay order from the International Centre for Settlement of Investment Disputes (ICSID) over the execution of an $800 million award to Karkey Karadeniz Elektrik Uretim (Karkey).
Ukraine begins the eighth round of negotiations on a free trade agreement with Turkey.
Jose Antonio Meade, Secretary of Finance and Public Credit of Mexico, said that the country will seek to diversify its trade relations with other countries. Trade agreements with the Middle East and Turkey will be a priority.
Indonesia and Turkey signed a document leading to negotiation rounds of Comprehensive Economic Partnership Agreement (CEPA) between the two countries.
The International Centre for Settlement of Investment Disputes (ICSID) has not only imposed a hefty fine on Pakistan but also declared that the country will be paying $5.6 million as interest per month.
Financially-strapped Pakistan has been imposed with a staggering $700 million in a damages suit by the International Centre for Settlement of Investment Disputes (ICSID) regarding rental power plants case.
Additional steps for liberalizing and deepening commercial relations between the two countries in the long term will be reviewed.
Turkey and Singapore have ratified a bilateral Free Trade Agreement that will enter into force on 1 October.
The trade agreement has been described as the most expansive and comprehensive free trade agreement Turkey has signed.