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

Apparel/Garments | On 24th Jun 2017

JD enters into strategic partnership with Farfetch

E-commerce giant, JD, China's largest retailer, and Farfetch, the...

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search