Turkey To Sign FTA With India, Aiming To Boost Trade.
HYDERABAD, March 19 (Bernama) -- Turkey has expressed interest to sign a free trade agreement with India to boost bilateral trade between the countries.
"We have already completed the joint study of trade which recommended that there is a lot of benefit for both the countries. We are yet to sign that joint study and launch negotiations," Press Trust of India (PTI) quoted Turkish Ambassador to India Burak Akcapar as saying.
Speaking to reporters, Akcapar added that his side are waiting for the Indian colleagues to give the green light for signing the joint study.
The bilateral trade between both the countries has crossed US$7 billion in 2011, compare to US$4 billion in 2010.
"I think through economic partnership of FTA, the floodgates will open both the directions and the trade will goleaps and bounds," he said.
On another note, Akcapar said Ankara has also sought permission from the Indian authorities to have direct flight connectivity between Istanbul and Indian cities of Hyderabad, Chennai, Amritsar, Bangalore and Kolkata, besides doubling the number of flights currently operated from Delhi and Mumbai.
Turkey has also sought permission to open consulates in Hyderabad, Chennai and Bangalore and may appoint honorary consuls until full pledged offices are opened.
BERNAMA - Turkey To Sign FTA With India, Aiming To Boost Trade