LAHORE - The Lahore Chamber of Commerce and Industry and Istanbul Chamber of Commerce and Industry have decided to establish a mechanism for exchange of trade related information that is the biggest hurdle to enhanced bilateral trade.

The decision was made at meeting of 37-member LCCI delegation, led by LCCI President Irfan Qaiser Sheikh, with their counterparts at Istanbul Chamber of Commerce and Industry on Wednesday.
Both the sides also agreed to utilize their influence in their respective countries to increase sector-specific trade and for initiating joint ventures.
Speaking on the occasion, the Vice President Istanbul Chamber of Commerce and Industry Hasan Demir said that the relations between Pakistan and Turkey are much deeper that the existing economic ties.
Undoubtedly, it is very difficult to survive in today’s world because of increased global competition and calls for growing importance of cooperation between the nations.
He said that it was a happy sign that in the last decade, developing countries are increasing their share in world trade. And the only reason is the high rate of urbanization, increasing population, growing consumer demand in these countries, and above all their respective economic dynamism.