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Thailands Commerce Ministry expects that Thailand will complete discussions on a free trade agreement (FTA) with Pakistan this year. Department of Trade Negotiations (DTN) Director-General said only one out of 13 items was left to be negotiated. The department believes that the FTA with Pakistan will help boost the Thai economy by 0.18 to 0.32% or between US$200 million and $800 million in value. According to the DTN, the sector which will benefit the most from the FTA is auto-parts, in which Thailand already holds a one-fifth market share in Pakistan. Pakistan is also a large, attractive market with some 30 million consumers and has abundant natural fishing resources which will be beneficial for Thailands seafood industry.

20 July 2021 (Readers 52)

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