Thailand, Pakistan to sign trade pact

Thailand, Pakistan to sign trade pact
Pakistan’s foreign minister Hina Rabbani Khar

Thailand is set to ink a free trade agreement with Pakistan to further boost trade and economic cooperation with the Middle East country. Thai foreign minister and deputy prime minister Surapong Tovichakchaikul met on January 10 with Pakistan’s foreign minister Hina Rabbani Khar in Islamabad to discuss the proceedings.

Bilateral trade between the countries has recently exceeded the $1 billion mark. A feasibility study on a possible FTA has already been conducted, and a joint trade committee has now been tasked to speed up work on finalisation of the FTA.

The two sides also discussed inauguration of a Pakistan-Thailand joint business forum to promote bilateral trade and investment as well as tourism. 56,000 Pakistanis visited Thailand last year as tourists.

The Pakistan government said it  wanted Thai investors to invest in infrastructure development, food processing, gem stones and auto parts development in Pakistan. Both countries also agreed to enhance their security and defense cooperation to combat terrorism and other international crimes through increased intelligence sharing.

The Pakistani side reiterated its invitation to Yingluck Shinawatra, the Prime Minister of Thailand, to visit Pakistan.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

[caption id="attachment_6354" align="alignleft" width="240"] Pakistan's foreign minister Hina Rabbani Khar[/caption] Thailand is set to ink a free trade agreement with Pakistan to further boost trade and economic cooperation with the Middle East country. Thai foreign minister and deputy prime minister Surapong Tovichakchaikul met on January 10 with Pakistan's foreign minister Hina Rabbani Khar in Islamabad to discuss the proceedings. Bilateral trade between the countries has recently exceeded the $1 billion mark. A feasibility study on a possible FTA has already been conducted, and a joint trade committee has now been tasked to speed up work on finalisation of the FTA....

Thailand, Pakistan to sign trade pact
Pakistan’s foreign minister Hina Rabbani Khar

Thailand is set to ink a free trade agreement with Pakistan to further boost trade and economic cooperation with the Middle East country. Thai foreign minister and deputy prime minister Surapong Tovichakchaikul met on January 10 with Pakistan’s foreign minister Hina Rabbani Khar in Islamabad to discuss the proceedings.

Bilateral trade between the countries has recently exceeded the $1 billion mark. A feasibility study on a possible FTA has already been conducted, and a joint trade committee has now been tasked to speed up work on finalisation of the FTA.

The two sides also discussed inauguration of a Pakistan-Thailand joint business forum to promote bilateral trade and investment as well as tourism. 56,000 Pakistanis visited Thailand last year as tourists.

The Pakistan government said it  wanted Thai investors to invest in infrastructure development, food processing, gem stones and auto parts development in Pakistan. Both countries also agreed to enhance their security and defense cooperation to combat terrorism and other international crimes through increased intelligence sharing.

The Pakistani side reiterated its invitation to Yingluck Shinawatra, the Prime Minister of Thailand, to visit Pakistan.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

2 COMMENTS

  1. Pakistan is either in the “Greater Middle East” as defined by George W. Bush or in South Asia. Some say its in Central Asia. Others say its at the crossroads of South Asia, Central Asia and the Middle East.

  2. I wonder what verticals are involved in the $1 Billion trade and what other countries in ASEAN have a free trade agreement with Pakistan?

    I am not sure the Pakistan is in the Middle East either.

Leave a Reply