Regional trade: Thailand agrees to look into FTA

The two prime ministers expressed the resolve to double bilateral trade within five years.


APP August 21, 2013

ISLAMABAD: Pakistan and Thailand have agreed to look into the possibility of a bilateral Free Trade Agreement (FTA) and discuss the matter under their Joint Trade Committee. A joint statement issued at the conclusion of the visit of Thai Prime Minister Yingluck Shinawatra on the invitation of Prime Minister Muhammad Nawaz Sharif on Wednesday mentioned the economic, trade and investment cooperation between the two countries. The two prime ministers reiterated that a Pakistan-Thailand Free Trade Agreement (FTA) would form the centre-piece of economic partnership between the two countries. In this context, they agreed to discuss on the possibility of bilateral FTA under the Joint Trade Committee. The two prime ministers underlined that expansion of ties remained a high priority and noted that bilateral trade had grown and crossed the $1 billion mark in 2011 and expressed the resolve to double it within five years.

Published in The Express Tribune, August 22nd 2013.

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