Pak-Thailand: ‘Bilateral trade can be doubled to $2 billion’

FTA will not only facilitate trade but also promote ties

KARACHI: There exists scope to double the volume of bilateral trade between Thailand and Pakistan, said Ambassador of the Kingdom of Thailand Suchart Leingsaeengthong, while talking to journalists at the Thai Royal Consulate General on Tuesday.

“The Free Trade Agreement (FTA) between Thailand and Pakistan is likely to be concluded this year, which would not only facilitate trade but also help in promoting ties between the two countries,” he said.

He further said that though the present trade volume between the two countries stood at $1 billion, but it could be doubled to $2 billion in the next three years.

Leingsaeengthong also highlighted the role of the private sector in enhancing trade ties and said exchange delegation of traders’ organisations would help in selecting right products for import from both countries. “Holding conferences and promoting tourism would also be beneficial in bringing the people together.”

He also stressed on improved law and order situation in the metropolis, which would in turn help spur trade and economic activities. 

Published in The Express Tribune, April 13^th, 2016.

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