To further enhance bilateral trade, India and Turkey should start negotiations for signing a free trade agreement.

Mr Burak Akcapar Turkish envoy to India said that "In 2011 we had traded around USD7.3 billion, which heavily favored India. I believe that the potential of trade is far more than this level and a FTA will help expand it enormously."

Mr Burak Akcapar said that "The FTA will also help bring down high import duties and will also allow Indian companies to export to European Union countries via Turkey as we have a duty free agreement with EU and are customs integrated with them."

The Joint Study Group was formed for examining the feasibility of an FTA between the two countries and has submitted its report to the two governments, which are currently studying the findings.

Source - India.nydailynews

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