Pakistan, Turkiye sign preferential trade agreement

Pakistan and Turkiye have signed a preferential trade agreement (PTA) to boost trade in certain products between the two countries.

The PTA will come into effect from January 1, 2023.

Under the agreement, Turkiye has offered concessions on a total of 261 tariff lines. Pakistan’s exports value of these tariff lines stand at $5.1 billion or 16 per cent of the total exports, while Turkish global imports in these products amount to $7.6 billion.

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