Summary He said a free trade agreement (FTA) between both countries would soon be finalised.
Web Desk – Consul General of Thailand Thatree Chauvachata has said Thailand-Pakistan have potential to do more trade and improve economic ties.
Addressing a meeting at the Lahore Chamber of Commerce and Industry (LCCI), he said the bilateral trade between two countries jumped to more than $1.46 billion, and Thailand exported goods and services worth $1174.25 million to Pakistan in the last year.
Consul General said Pakistani exports to Thailand recorded an increase of 41.45 percent in 2019 while among these export items, included fresh aquatic animals, garments and textile.
He revealed that four major Thai companies have already invested in Pakistan while other four have been exploring new opportunities for investment in the country. He said a free trade agreement (FTA) between both countries would soon be finalised.
On the occasion, LCCI President Irfan Iqbal Sheikh said Pakistan and Thailand enjoyed strong diplomatic relations based on a mutual trust.
He said that active engagement of the business community and diplomatic missions of the two countries, exchange of trade delegations, exhibitions of products and socio-cultural programmes in each other’s country could prove handy in further improving people to people contacts.
