SAHIWAL: A memorandum of understanding (MoU) was signed between the Sahiwal Chamber of Commerce and Industry (SLCCI) and Pak-Turk Businessmen Association (PTBA) for facilitation and exchange of local business and trade with Turkey.

The MoU was aimed at attracting and opening up ways for Turkish investment and mutual business exchange between Sahiwal division and Turkey. It would also promote joint and business-to-business ventures between the two sides.

SLCCI President Sohail Anjum Ansari and PTBA Chief Executive Officer Sadi Yaldar signed the agreement on Wednesday.

According to the MoU, the organisations would work jointly for the economic development of both countries. The SCCIS and PTBA would share vision and expertise with each other in formulation of policies, economic studies, sectoral reports, project-specific reports and information, promotional efforts and identification of prospective investors and traders.

Yaldar told the media that both organisations would also exchange trade-related information. Ansari said Sahiwal division was rich in livestock, dairy, leather and shoemaking and these all were possible venues where business exchange could be possible. Among agricultural products, Sahiwal was rich in potato, rice, milk and meat.

“The export of such items can benefit both local traders and overall business community,” Yaldar stressed. He said exchange of trade delegations and single-country exhibitions on reciprocal basis would also increase volume of mutual trade between Sahiwal division and Turkey. He further said there should be cultural exchange between the two sides too along with exchange of youth groups.

While talking to Dawn, Yaldar said there was a very strong potential market for Pakistani agricultural products in Turkey and it must be explored at the earliest. He invited the local business community at the upcoming 23rd Turkiye-World Trade Bridge to be held from June 1-2 in Istanbul.

Published in Dawn, April 2nd, 2015

On a mobile phone? Get the Dawn Mobile App: Apple Store | Google Play