Pakistan, Türkiye reaffirm commitment to boost trade at COMCEC session in Istanbul
Commerce Minister Jam Kamal Khan met Türkiye's trade minister on the sidelines of the 42nd COMCEC session in Istanbul. He also held separate meetings with officials from Saudi Arabia, Egypt and Tunisia.
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- Jam Kamal Khan met Türkiye's Trade Minister Prof Dr Omer Bolat in Istanbul.
- The talks focused on expanding bilateral trade and promoting Pakistani agricultural products.
- He also met officials from Saudi Arabia, Egypt and Tunisia on the sidelines of the COMCEC session.
Federal Commerce Minister Jam Kamal Khan held a bilateral meeting on Wednesday with Türkiye's Minister of Trade, Prof Dr Omer Bolat, on the sidelines of the 42nd Session of the Standing Committee for Economic and Commercial Cooperation (COMCEC) in Istanbul, according to The Nation Business. The talks focused on expanding bilateral trade and promoting Pakistani agricultural products.
Daily Pakistan reported that, on the sidelines of the same session of the Organisation of Islamic Cooperation's committee, Jam Kamal Khan also held separate meetings with senior officials from Saudi Arabia, Egypt and Tunisia. The discussions covered bilateral trade, investment, joint ventures and industrial cooperation.
Pakistan and Saudi Arabia agreed to increase cooperation in agriculture, industry, livestock and food security. Jam Kamal Khan proposed joint investment and business projects between companies from the two countries. He suggested that Pakistani and Saudi firms look for joint trade opportunities in African markets, and invited the Saudi delegation to an upcoming food expo in Pakistan.
He met Egypt's Minister of Investment and Foreign Trade, Mohamed Farid Saleh. The two sides discussed more cooperation in textiles, cotton, industry and investment. The Egyptian minister said industrial units set up in Egypt could give access to the US market. He asked for details of Pakistani companies attending the next business forum, and pointed to educational opportunities for Pakistani students in medicine, engineering, science and technology.
With Tunisia's Minister of Trade and Export Development, Samir Abid, Pakistan agreed to make joint efforts to grow bilateral trade to its real potential. Current trade between the two countries is much lower than the opportunities available. They discussed cooperation in agriculture, minerals, textiles, auto parts and manufacturing.
Jam Kamal Khan said both countries can increase productive capacity by benefiting from each other's skills and experience. He said: "Pakistan is committed to gaining access to new export markets and promoting international investment."
Why it matters
Exporters in agriculture, textiles and manufacturing are among those who could gain if the talks lead to new markets. Pakistan's commerce ministry has said it wants access to new export markets and more international investment. Egypt also raised study opportunities in medicine, engineering, science and technology for Pakistani students.
