Showing posts with label pta. Show all posts
Showing posts with label pta. Show all posts

Wednesday, 15 February 2012

TRADE - OIC - PTA - Turkey Expects Bilateral Trade With Malaysia To Increase To US$2 Billion

www.bernama.com - KUALA LUMPUR, Feb 14 (Bernama) -- Turkey expects its bilateral trade with Malaysia to increase to US$2 billion this year from US$1.75 billion last year, driven by the huge potential in the construction sector and the signing of the free trade agreement (FTA) expected by mid-year.

Commercial counsellor of Turkish Embassy here, Hasan Onal, said from the total, imports from Malaysia were expected to be US$1.8 billion while exports to Malaysia US$225 million.  (source)

Tuesday, 24 January 2012

OIC - TRADE - Pakistan not interested in PTA with Turkey

Business Recorder Logo Pakistan is reportedly not interested in Preferential Trade Agreement (PTA) with Turkey as the latter's offered list is not beneficial to the former, well informed sources told Business Recorder.

An official delegation led by Commerce Secretary Zafar Mahmood is leaving for Turkey on Tuesday (today) to attend Joint Ministerial Commission (JMC) meeting in which different economic issues and future economic ties will come under discussion, the sources added.  (source)

Thursday, 2 June 2011

Turkey urges OIC members to ratify origin rules for PTA

Turkey urges OIC members to ratify origin rules for PTA
Turkish president has called on member countries of the Organization of the Islamic Conference (OIC) to ratify the rules of origin agreement that would effectively lay the legal foundations of a preferential trade deal among OIC members.

"One more country needs to ratify the rules of origin agreement to complete the legal basis of the preferential trade agreement. I am calling on member countries to complete the ratification procedures," Abdullah Gul said in a message he sent to the 27th meeting of the Standing Committee for Economic & Commercial Cooperation (COMCEC) of in Ankara.


The "Preferential Trade System" envisages a transition to a three-step tax reduction system among Muslim countries. To be launched, the plan requires the approval of at least 10 member states.

"The functioning of the preferential trade deal would further boost trade among the OIC countries." (source)