Talks resume on Thai-Pakistani FTA

Economy August 21, 2017 13:07

By The Nation

Thailand and Pakistan officials have begun the eighth round of negotiations on a bilateral free-trade agreement in Islamabad.



 

 

Ornmol Subthavitham, deputy director-general of the Commerce Ministry’s Department of Trade Negotiations, said the talks would continue from Monday to Wednesday.

The focus was on means of reducing taxation, specific goods to be included, and facilitating trade and investment, she said.

“We expect the negotiations to be completed by the end of this year,” Ornmol said.

Pakistan is seen as Thai exporters’ gateway to South Asia and the Middle East, she said.

As of the end of 2016, Pakistan ranked 38th among Thailand’s trading partners, with trade between the two valued at US$1.13 billion, a 9.8-per-cent increase over the previous year. 

Thai exports to Pakistan were worth $1.01 billion and imports from Pakistan $119 million.