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Pakistan, thailand: Sixth round of FTA talks in progress

The ministry has hired consultants to study the trade regimes

APP January 19, 2017 Less than a minute read

“After implementation of PTA, we will take further steps to deepen economic cooperation by initiating negotiations on a free trade agreement (FTA)" says Gani.

ISLAMABAD: A high level delegation from Thailand, which arrived Tuesday, is negotiating Free Trade Agreements (FTAs) with Pakistan. The agreement is likely to be signed within three months after both sides finalise recommendations to be accommodated in the agreement. In its sixth round of FTA negotiations, which is currently in progress, both sides discussed the text of agreement, tariff reduction modality, request list and under preparation offers list, said a senior official of the Ministry of Commerce. Thailand has comparative advantage in around 1,000 commodities, while Pakistan also has relative advantages in 684 commodities, said the official. He said that the ministry had hired consultants to study the trade regimes and feasibility of FTA between the two countries.

Published in The Express Tribune, January 19^th, 2017.

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