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Karachi, October 09, 2014 (PPI-OT): The central Asia is big market and the expansion of Gawadar project would be helpful to penetrate this market by enhancing the regional bilateral trade between ECO member countries. This was stated by the President FPCCI and ECO CCI Zakaria Usman in a meeting with Turkish Consul General Mr. Murat Mustafa Onrat and Commercial Counsellor of Turkey at FPCCI Head Office Karachi. The meeting was also attended by Sr. Vice President Shaukat Ahmed and Vice Presidents Ismail Suttar, Mazhar Ali Nasir and Khurram Sayeed, Secretary General of FPCCI and ECO CCI M. A. Lodhi and other prominent importers and exporters.
Zakaria Usman stressed on expedite working on PTA between Pakistan and Turkey which is still under technical discussions at both sides and suggested that items should be consented with FPCCI so that there should not be any anomaly in PTA on account of selection of products of both the countries.
He also expressed his concerns over 18% VAT which has been charging by some Turkish exporters on their products from Pakistani importers which is injustice as it is a local tax and the Turkish businessmen should bear this without loading the same on their exportable items.
He requested the Consul General and Commercial Counsellor of Turkey to look into the matter. Zakaria Usman further said that being the President of ECO Chamber of Commerce, he has the task to enhance the regional bilateral trade amongst the ECO member states.
He said that the relation of Pakistan and Turkey are long lasting, time tested and brotherly but on the trade side many of Turkish products are not known by Pakistani people and vice versa. He suggested that Display Center of Turkish products should be opened on joint venture basis in Karachi and Lahore to introduce the Turkish products in Pakistani market.
Similarly a display centre of Pakistani products should also be opened in Turkey to introduce Pakistani products to Turkish people. In this way we will be succeeded in developing people to people contact and strengthen the brotherly relations between both Pakistani and Turkish people.
The Consul General of Turkey said that the VAT is a local tax and not levied on exportable items. He assured that the matter will be looked into on priority basis and he also invited such Pakistani importers to submit their details in his office. He also appreciated the suggestion of opening display centre of Turkish products in Karachi and said that their commercial section will evaluate this project and will get back to FPCCI. He informed that Turkey is now technologically very advanced and it can extend support and collaboration to Pakistan particularly in the energy sector.
For more information, contact:
M. A. Lodhi
Secretary General
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road,
Shahra-e-Firdousi,
Karachi-75600, Pakistan
Tel: 0092-21-35873691, 93-94
Fax: +9221 3587 4332
Email: info@fpcci.com.pk
URL: www.fpcci.com.pk
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