portant visit to boost already cordial ties betw

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ANKARA, Feb. 16 (Xinhua) -- Turkish Prime Minister Ahmet Davutoglu is set to visit Pakistan to hold an inter-governmental conference with a focus on boosting
business and economic ties between the two countries, Turkish analysts said.


The Turkish prime minister will be accompanied by a large business delegation during the two-day visit on Tuesday and Wednesday, and several cooperation
agreements are expected to be signed between the high-ranking officials.


"This is an important visit to boost already cordial ties between the two countries by taking further concrete steps to cement relations especially in
business," Mehmet Seyfettin Erol, professor of international relations at
Ankara-based Gazi University, told Xinhua.


"For years business and economic ties have been underperforming and are not at an attractive level of diplomatic and political relations," he said.


Davutoglu's visit is part of the 4th meeting of High Level Strategic Cooperation Council, an intergovernmental conference to fast track relations in
many areas by involving Prime Ministers of both countries and a few cabinet
members in the meetings. It was first set up in October 2009.


Davutoglu's visit is the first as Prime Minister since he assumed office last August, although he frequently travelled to Pakistan as foreign minister.


Pakistan's foreign ministry issued a statement Monday stating there would be official meetings in six key areas comprised of finance and banking, trade,
energy, transport and communications, education, culture and tourism.


"The two prime ministers will also attend the 2015 Pakistan-Turkey Business Forum," the statement noted.


The trade volume between the two countries was recorded as 696 million U.S. dollars in 2014, according to Turkish government data, a decrease of some four
percent from 2013.


TRADE DEAL UNLIKELY

The two sides have been negotiating preferential trade agreement (PTA) since 2005 but no agreement has been reached so far despite promising statements
issued by both Turkish and Pakistani officials.


"I do not expect the PTA to be concluded during Davutoglu's visit this time either," a diplomat told Xinhua, citing difficulties in negotiations.


"In several areas, both economies are competing. That makes it difficult to move on an PTA deal," the same diplomat, who is familiar with the discussions,
underlined. He spoke on the condition of anonymity because of the sensitivity of
the negotiations.


Pakistan wants to attract increased investment and business from Turkey whilst the latter wants to tap into infrastructure needs of the former by
undertaking construction, energy, housing, education and transportation
projects.


There are already a number of Turkish companies that are active in these areas in Pakistan.


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Posted 11 Oct 2018

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