Pakistan, Thailand to start negotiations for Free Trade Agreement
ISLAMABAD (92 News) – Pakistan and Thailand will soon start dialogue on a Free Trade Agreement.
According to a press release on Friday, the cabinet of Thailand has agreed to start negotiations for FTA with Pakistan.
Federal Minister for Commerce Khurram Dastagir Khan has said that the Ministry of Commerce will undertake intense trade diplomacy in the coming financial year to allow easy access to Pakistani exporters in lucrative international markets and regions.
Pakistan will initiate trade dialogue with ASEAN, a 10-member bloc of East Asian countries, to get status of ‘Full Dialogue Partner’ by 2018. This will set the stage for a full fledge FTA with ASEAN which will open up huge markets for Pakistani products.
Negotiations with Japan and Korea are also under way. Korean Minister for Trade has invited the Dastagir to visit Korea to further negotiate trade matters.
Dastagir said that the ministry through extensive research has prepared a template and framework for negotiating future PTAs and FTAs with other countries.
The Ministry of Commerce will start negotiations with Afghanistan for PTA and Thailand and Turkey for FTAs in the coming months. Secretary Commerce visited Hanoi, Vietnam for trade talks and undertook decisive trade talks.