Home / Knowledge / News / Textiles / Pakistan, Thailand to begin negotiations on FTA
Pakistan, Thailand to begin negotiations on FTA
14
Aug '15
Dastgir Khan (left) & Thai minister Sarikulya/C: PID
Dastgir Khan (left) & Thai minister Sarikulya/C: PID
Pakistan and Thailand have agreed on the Terms of Reference (ToRs) and the framework to begin negotiations on Free Trade Agreement (FTA) between the two countries, Pakistani newspapers have reported

The announcement was made by Pakistan Commerce Minister Khurram Dastgir and Thai Minister for Commerce General Chatchai Sarikulya at the end of a two-day visit of the Thai trade delegation.

“Pakistan and Thailand have agreed to launch negotiations for a comprehensive FTA which will initially cover trade in goods and subsequently trade in services,” Dastgir told the media at a press conference.

He said the initiative was part of Pakistan's strategy to deepen trade and investment linkages with Southeast Asian economies that are among the fastest growing in the world. The two countries had also agreed to play their role in facilitating each other in their respective regions.

On the product front, Thailand has comparative advantage in electrical and electronic appliances, machinery and components and automobiles. Pakistan, on the other hand, has advantage mainly in the production of cotton yarn and woven textiles, ready-made garments, leather products and other miscellaneous manufactured items like surgical instruments and sports goods. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 7th Dec 2016

New Texprocil chairman bats for increased UPI adoption

Ujwal Lahoti, the new Cotton Textile Export Promotion Council...

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

The new OJ 59/1 B. Courtesy: Karl Mayer

Textiles | On 7th Dec 2016

Karl Mayer unveils new LACE.EXPRESS model for apparel

Germany’s leading textile machinery firm, Karl Mayer, has launched a...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search