Find a video describing the creditor and debtor relationship. In APA format, write a one page Paper explaining three things you learned from your video.
At the same time a procedure for greater economic and technical cooperation was signed between Turkey and Pakistan on November 12, 1981. Thus both sides Pakistan and Turkey noted that the size of trade was motionless low and therefore identified the constraints, inadequate shipping and telecommunications links and lack of contacts between businessmen. It was also noted between the steps taken to recompense the situation was, Ankara’s restitution of rice agreement with Pakistan and its offers was that to five lac (half million) tons of cement for sale to Pakistan. Turkey was also allowed the opening of a Pakistan bank in Turkey (Hasan, 2002).
Joint Venture in the Field of Engineering November 1982
In November 1982, a joint venture was set up in the field of engineering consultancy. Formal negotiations were conducted between NESPAK and the Turkish company TUMAS. The governments of two countries examined the possibilities of establishing the joint ventures in appropriate sectors such as manufacture of tractors, automotive components and electronic equipments. The two countries also agreed on increasing cooperation in advanced information systems and also on joint engineering consultancy services (Hasan, 2002).
President General Zia-ul ‘Haq visit to Turkey 1983
President General Zia-ul-Haq visited Turkey in 1983. Both governments (Pakistan & Turkey) decided that the joint commission which meets once a year should endeavor to support the economic ties between the two countries and continue to diversifying and expanding cooperation between Pakistan and Turkey. Both countries leaders after the discussions made joint communiqu?? and stressed the ‘important of the need to improve communication for further strengthening economic ties and noted the development in the field of air transport between the two countries allowing the exercise of the fifth freedom and increasing the airline construction between the major cities as well as the establishment of a regular maritime cargo service between their seaports. Both countries stated and remarked that meetings remained fulfillment with the recent international subscribers dialing linkage and the reduction of post and telegraph fees (Hasan, 2002).
Formation of ECO
