Islamabad: Pakistan and Turkey finalised two MoUs to increase the level of economic engagement and mobilise the untapped potential for increasing trade and investment on the sidelines of the two-day visit of Turkish President Recep Tayyip Erdogan.

Two MoUs finalised by the JWG include one on Trade Facilitation and Customs Cooperation, and the other to reinforce cooperation in the field of Halal Accre­ditation. Both the countries agreed to encourage their businessmen to establish joint ventures in industrial sectors and cooperate in the field of e-commerce, Dawn reported.

Turkey has expertise in shipping, road infrastructure network and export processing zones which will be helpful in China-Pakistan Economic Corridor and other transit routes.

Both have the potential to explore possibilities of investment opportunities in defence industry, food processing and packing, automotive industry and auto parts, household appliances, construction material, textiles, leather machinery and finished products, sports goods and surgical instruments.