Home / Knowledge / News / Textiles / Pakistani textiles could boost market share in Thailand
Pakistani textiles could boost market share in Thailand
16
May '16
Thailand's Ambassador to Pakistan, Suchart Leingsaengthong is hopeful that a Free Trade Agreement (FTA) between the two countries would be finalized by the end of 2016. He said the FTA would boost trade, and particularly help Pakistan's textiles sector because of large demand for Pakistani textile products in Thailand.

He said given the size of Pakistan's economy, Thailand considered it a promising country for business relations. He assured that that the Thai Embassy would facilitate businessmen in improving trade volume between the two countries.

His comments came when a delegation of Islamabad Chamber of Commerce and Industry (ICCI) led by its President Atif Ikram Sheikh recently called on him to discuss various options to enhance trade relations between Pakistan and Thailand, the trade body said in a press release.

Leingsaengthong told the ICCI delegation that Thailand considered Pakistan an important country for strengthening economic cooperation as both countries have great potential to offer a lot to each other. He said the current volume of bilateral trade between Pakistan and Thailand was around 1 billion dollars and added that there existed good scope to increase it to $ 2 billion by improving connectivity between their private sectors.

ICCI President Atif Ikram Sheikh stressed upon the need of strong linkages between the private sectors of both countries to increase trade volume. He said that the exchange trade delegations and holding single country exhibitions on reciprocal basis was the best way for promoting bilateral trade between Pakistan and Thailand. He said many Pakistani products including textiles and readymade garments could find good market in Thailand and it should focus on importing these products from Pakistan, according to the press release.

He said close cooperation between Pakistan and Thailand would be a win-win situation for both countries as they could facilitate each other in getting better market access in their respective regions. Pakistan could facilitate Thailand in promoting trade with South and Central Asian countries whereas Thailand could help Pakistan in accessing to the ASEAN region.

Sheikh stressed that governments of both countries should work together to provide leading role to private sectors for improving bilateral trade. He assured that ICCI would like to work with the Thai embassy for bringing both countries even closer in trade and economic relations. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: Reliance Industries

Textiles | On 24th Apr 2017

Reliance’s FY17 revenue from petrochemicals up 12.2%

Increase in prices across polymers and polyester chain has...

Textiles | On 24th Apr 2017

India, Kazakhstan to increase cooperation in textiles

Indian and Kazakhstan are deliberating upon increasing cooperation in ...

Textiles | On 24th Apr 2017

GST reflects 'One nation, One aspiration' spirit: Modi

Prime Minister Narendra Modi has said that the Goods and Services Tax ...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Priyanka
Studio Priyanka Rajiv

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eamonn Tighe
Nature Works LLC

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

Paolo Ocleppo
Sandvik Hyperion

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

Silvia Venturini Fendi
Fendi s.r.l

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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
April 2017

April 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