Pak-Thailand to hold discussions this month to reach final decision on FTA

YarnsandFibers News Bureau 2017-08-03 14:00:00 – Islamabad

Pakistan and Thailand to reach a final decision on the Free Trade Agreement (FTA) will be holding its eighth round of talks which will be held from August 21 to 23. During the 8th round, talks would be held on the text of agreement, tariff reduction modalities, request lists from both sides and offer lists.

Both sides had exchanged the offer lists of items for free trade, including automobile and textile sectors for removing the reservations of the sectors, a senior official of the Ministry of Commerce said.

The FTA would likely be signed on September 25, for enhancing bilateral trade between the two countries.

Pakistan had relative advantages in some 684 commodities, including cotton yarn and woven textiles, readymade garments, leather products, surgical instruments and sports goods, the ministry official said.

But, Thailand had comparative advantage in around 1,000 commodities, chiefly electrical and electronic appliances, machinery and components and automobiles and parts.

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