27 February 2017 Current Affairs: Pakistan and Turkey has signed 10 agreements to enhance bilateral cooperation in various fields, including exchange of financial intelligence relating to money laundering, hydrocarbon and defence cooperation.
The agreements and MoUs were signed during the visit of Pakistan’s Prime Minister Nawaz Sharif to Turkey from 22-24 February, 2017 to co-chair the 5th Session of Pakistan-Turkey High Level Strategic Cooperation Council (HLSCC)
At the conclusion of the 5th Session of HLSCC, the two countries signed 10 Agreements/MOUs in a number of areas of bilateral cooperation including the Joint Declaration.
The different areas in which agreements and MoUs were signed includes hydrocarbons, environment, forestry, information, exchange of financial intelligence relating to money laundering and exchange of armed forces personnel.
The two countries agreed to prioritize cooperation in the energy sector, increase bilateral trade and investment, enhance collaboration in the banking and finance sectors, promote cooperation between the higher education institutions; enhance collaboration in the fields of communications and railways and promote culture and tourism.
The two sides also agreed to expeditiously complete the work on developing a comprehensive, long-term and forward-looking framework for defence cooperation and enhance partnership between the defence industries of the two countries.
A joint declaration on Turkey-Pakistan Strategic Relationship for Peace and Prosperity was issued at the end of the meeting resolved to fight against terrorism
The HLSCC was established in 2009 and consists of six Joint Working Groups (JWGs). So far 60 agreements and MoUs have been signed under the HLSCC framework in various areas.