Pakistan to Give 52 Super Mushak Aircraft to Turkey Under Economic Framework

Pakistan has offered 52 Super Mushak Aircraft to Turkey in lieu of cooperation in the defense production under the Pak-Turk Strategic Economic Framework (SEF).

Reportedly, the prime minister has approved the action plan for Pak-Turk SEF that provides for cooperation between the two countries in various sectors of the economy.

The framework includes the cooperation in defense production and includes the delivery of 30 attack helicopters to Pakistan Army and delivery of 52 Super Mushak to Turkey.

It also includes Turkish collaboration with Pakistan’s defense production establishment for cooperation in the fields of IT communications, avionics, weapons, ammunition, security vehicles, and vessels.

Pakistan has also requested Turkey to build four ships for Pakistan Navy; two in Pakistan and two in Turkey. The action plan also proposed cooperation in trade and textile, which includes granting GSP Plus status to Pakistan, given Turkey is a member of the EU Customs Union.

Apart from that, Pakistan has also sought simplification of customs procedure, technical support, and electronic data exchange to Pakistan Customs.


Turkey Shares Strategic Economic Framework with Pakistan

Economic Cooperation

Furthermore, the government has requested Turkey to eliminate non-tariff barriers, strengthen cooperation on technical barriers to trade, and conclude the Mutual Recognition Agreement (MRA) at earliest.

The proposed action plan under the SEF for trade and textile also includes the development of textile infrastructure including garment cities in Faisalabad, Karachi, and Lahore, and the establishment of Pak-Turk Joint Business Council.

The plan also provides for joint ventures between textile houses for value-added products, transfer of technology for upgradation of the textile industry, technical assistance for the development of Pakistan Textile Technology Park, and technical cooperation for improvement for intellectual property rights in Pakistan.

It also includes the establishment of a joint working group on Pak-Turk Hospitality Council, facilitation and exchange of information on investment opportunities, and a memorandum of understanding between Board of Investment and Turkish Investment Authority.

Other prospects of cooperation mentioned in the action plan include provision of credit-line ($350 billion) for import of Turkish goods and financing projects, establishment of Pak-Turk Corridor, signing of Combined Freight Transport Agreement, technical cooperation in the Railways sector, joint ventures for export to third country, allocation of additional frequencies, and an amendment in air services agreement.

Via: Profit

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