Pakistan and brotherly Muslim State of Turkey are
getting closer to each other with growing trade ties especially in the
textile sector. It is in fact mutual economic interest which is the
basis for growth of trade ties between the two countries.
Pakistan's textile industry is in the process of
expansion, balancing, modernization and replacing the existing structure
which obviously needs import of machinery and other equipments which
offers a considerable market for the suppliers.
Turkey on the other side due to its own market as
well as a corridor to the European market becomes strategically
important as the base for re-exporting of textile goods into EU market.
Although the trade volume between the two countries
is not as much as it should yet there is an ample for its tremendous
growth in future due to political and economic development in the EU
region which has going to add yet another 10 countries into its fold
making EU one of the most important markets in the world. Though Turkey
has not been granted the status of the member of the EU region despite
its efforts spread over a decade, yet there are signs that sooner or
later Turkey would become a member of EU community. Being Muslim
countries, Turkey would be the first to be the member of the European
Union which is certainly a significant development not only for Turkey
herself but rest of the Muslim world.
In terms of value, Pakistan's textile goods to Turkey
were estimated better as $27 million in 2001, yet in terms of increase
in unit price it improved by 3.16 per cent in 2001 but due to worldwide
trend of price decline, the per unit price was declined in the current
fiscal, however, in terms of volume the trade registered an increase.
The current fiscal is likely to bring a marked change
in the trade volume between the two countries and the first quarter of
the current financial year has improved handsomely at $49.50 million.
During the decade of 90s the balance of trade remained tilting in favour
of Turkey. During the whole decade Pakistan exported goods worth $2.326
million to Turkey as against total import of $2.794 billion during 90s.
The balance of trade between the two states was in favour of Turkey
naturally due to fewer exports from Pakistan. The changing economic and
political development in EU adjacent to Turkey portrays strong
indications that the trend is likely to get turn in favour of Pakistan
in the current decade.
Besides, trade cooperation in the textile sector,
Turkey is also taking keen interest in the development of energy sector
and has shown interest in the development of Turkmenistan-Afghanistan
and Pakistan cross border gas pipeline project which is in its final
stage. The Turkey is likely to participate as the consortium member in
that $3 billion project which is likely to change the energy complexion
in this region.
At the threshold of the year 2003 Turkey is holding
two major events in the textile sector by organizing international fairs
in Istanbul. These exhibitions of Textile Machinery and yarn are of the
special interest to the textile industry in Pakistan and a large
delegation of the textile industrialists is likely to participate in
Textile Machinery Exhibition and Istanbul Yarn Fair
2003 simultaneously from January 29 to February 2, 2003 in Istanbul.
These are likely to be the major international events in the textile
sector of Turkey.
Tuyap Fairs and Exhibition Inc. has been organizing
fairs and exhibition in Turkey to promote the products of various
sectors as well as promoting Turkey abroad since 1979.
The forthcoming textile machinery fair is prepared to
present new developments and advanced technologies to all concerned and
to the professionals. The exhibitors will have the opportunity to
organize meetings with the interesting visiting counterparts.
The fair is of special interest to the Pakistan
textile industry which is currently striving hard for expansion of the
existing units as well as Balancing, Modernizing and Replacing (BMR) of
the industry with a view to face the challenges of growing competition
and increase its share in the world market.
The textile machinery exhibition will be displaying
modern equipment and machines covering the entire scope of almost every
aspect of the textile industry. The machines which are going to
demonstrate in the exhibition include Weaving Preparatory, Weaving,
Knitting and Hosiery, Embroidery Machines, Yarn Spinning Machines,
Winding, Yarn Singeing and Yarn Raising Machines, Warping Machines,
Trimming Machines, Transport, Handling and Packing equipment, Jacquard
Machines Sectional Wrappers, Warp Knitting Machines, Rachel Looms,
Braiding Machines, Ribbon Basting Machines, Crochet Gallon Machines,
Covering and Taping Machinery, Mattress Machinery, Chenille Machines,
Bleaching, Dyeing, Printing, Water Extraction, Tentering, Drying
Finishing, Making-up, Felling, Inspecting, Folding, Rolling, Measuring,
Accessories for Textile Machinery, Textile Testing and Measuring
Equipment, Yarn computerized systems and programmes for the textile
industry, Textile Chemicals, Finishing Machinery. Socks Machines,
related Industry products and related publications.