Home / Knowledge / News / ICC President takes initiative to reinforce trade with Pakistan
ICC President takes initiative to reinforce trade with Pakistan
30
Jul '08
During a meeting with Karachi Chamber of Commerce and Industry (KCCI) on July 28, President of the Istanbul Chamber of Commerce (ICC), Murat Yalcintas, expressed hope that a two way trade between Pakistan and Turkey will exceed US $1 billion in the coming years.

Mr Murat also pointed out that bilateral trade, which stood at $200 million some four years ago, has gradually increased to $800 million now marking a phenomenal growth. This only goes to show that with more frequent exchange of trade and rapid transfer of investment information, trade between the two countries is likely to thrive unabated.

Although the two countries share a cordial relation, it does not reflect in the two-way trade. Turkey is essentially seeking to strengthen its trade with South region countries in general and Pakistan in particular.

Pakistan has been invited to participate in the 12th MUSIAD International Trade Fair scheduled to be held in Istanbul from October 23 to 26, 2008. Besides, the Business community of Pakistan has also been invited to participate in the 12th International Business Forum (IBF) Congress to be held from October 22 to 23 in Istanbul.

The basic idea behind IBF is to establish global business networking among muslim nations and provide a platform to bolster trade and mutual investment relationships among Muslim entrepreneurs across the globe.

Mr Murat further added that this year, the IBF is expected to witness a record high participation of 2,000 businessmen from across 60 countries and some 170,000 vistors.

Mr Shamin Ahmed Shamsi, KCCI President on his part offered to collaborate in sphere of textile machinery and chemicals since Turkey has an expertise in these sectors and it could help Pakistan develop the same through joint ventures.

Must ReadView All

Textiles | On 7th Dec 2016

New Texprocil chairman bats for increased UPI adoption

Ujwal Lahoti, the new Cotton Textile Export Promotion Council...

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

The new OJ 59/1 B. Courtesy: Karl Mayer

Textiles | On 7th Dec 2016

Karl Mayer unveils new LACE.EXPRESS model for apparel

Germany’s leading textile machinery firm, Karl Mayer, has launched a...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search