President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI),Engr Daroo Khan Achakzai has urged the government to resolve/negotiate all anti-dumping barriers imposed by Turkey on Pakistani textile and other items before the signing of Free Trade Agreement (FTA) with Turkey.
These anti-dumping and safeguard measures were said to have reduced Pakistan's current exports to Turkey to $ 327 million as against $ 850 million in 2011.
Appreciating the efforts of the government of Pakistan and Turkey to enter into Strategic Economic Framework (SEF) for enhancement of bilateral relations in trade, tourism, healthcare, hospitality, industry, education, housing, agriculture, aviation and banking, he stated that the main purpose of SEF is to enhance bilateral trade by five folds from current US$ 800 million (approx) and for achieving this goal it is expected that both governments may sign FTA during the current year. He further said that Pakistan and Turkey both are the members of ECO, D-8, CACCI and OIC and the existing trade volume doesn't reflect the significant bilateral relations.
He said that textile and rice are the main exportable items of Pakistan facing high tariff rates in Turkey.
The imposition of extra duty on Pakistan's textile in terms of safeguard and antidumping makes our product uncompetitive in Turkey. He said that under FTA arrangements government of Pakistan can seek the same duty structures for its textile products that Turkey has extended to Egypt and Jordan.
Engr Daroo Khan Achakzai further stated that there are huge potentials available in plastic items, sports goods, carpet, edible fruits, agriculture products and leather goods whereon Turkey should give concession in tariff rates to Pakistan.
He underlined that Turkey is currently importing surgical items from Germany that are originally manufactured in Pakistan. He further added that automobile industry is one the growing industry of Pakistan should not be affected under FTA with Turkey. Apart from trade, the FTA should also facilitate the investment opportunities between both nations, he suggested.