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: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Angelina Francesca Cheang
MY ANJE

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

Amardeep Singh
Orient Craft

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

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Marten Alkhagen
Swerea IVF AB

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Ritu Kumar
Label Ritu Kumar

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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