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: Trinity Kubassek from Pexels

Textiles | On 19th Aug 2018

Australian wool production to fall 5.7% in 2018-19

Shorn wool production in Australia is likely to fall by 5.7 per cent...

Courtesy: Next Level Apparel

Apparel/Garments | On 19th Aug 2018

Blue Point Capital recapitalises Next Level Apparel

Blue Point Capital Partners has recapitalised Next Level Apparel, a...

Retailers approaching 100% inventory accuracy: Study

Apparel/Garments | On 19th Aug 2018

Retailers approaching 100% inventory accuracy: Study

With computer vision use cases maturing, Artificial Intelligence (AI) ...

Interviews View All

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Siddhachakra Weaving (Badiya Fashion)

Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...

Mr Ambrose Chan
DSG International (Thailand) PLC

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing 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

Leave your Comments


August 2018

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

news category


Related Categories:

Advanced Search