Türkiye, Pakistan Target $5 Billion in Bilateral Trade

The Turkish president said Thursday he agreed with Pakistani prime minister to intensify efforts aimed at reaching a bilateral trade volume of $5 billion.

"We agree with the prime minister to increase our efforts to reach the target of $5 billion dollars in trade volume," Recep Tayyip Erdogan said at joint news counference with Shehbaz Sharif in Islamabad, The Caspian Post reports, citing Turkish media

In light of the deep-rooted historical ties between the two nations, the High-Level Strategic Cooperation Council, which was established in 2009, stands as the highest-level mechanism institutionalizing Türkiye-Pakistan solidarity, Erdogan said.

“We have just concluded the seventh meeting of our council, where we reaffirmed our commitment to further strengthening our relations. Within this framework, we signed 24 agreements covering trade, water resources, agriculture, energy, culture, family and social services, science, banking, education, defense, and healthcare,” the president added.

Erdogan said they organized a business forum with the participation of entrepreneurs from various sectors, emphasizing: "We encourage our investors, who are the driving force of economic cooperation, to engage more actively in Pakistan."

Erdogan arrived in the Pakistani capital on an official visit on Wednesday, after visiting Malaysia and Indonesia.