Pakistan, Thailand agree to double trade exchange

Pakistani Prime Minister Nawaz Sharif and his visiting Thai counterpart Yingluck Shinawat reiterated on Tuesday a desire to double the volume of trade exchange

Pakistan, Thailand agree to double trade exchange

World Bulletin / News Desk

Pakistani Prime Minister Nawaz Sharif and his visiting Thai counterpart Yingluck Shinawat reiterated on Tuesday a desire to double the volume of trade exchange between the two countries, which now volumes one billion dollars, by 2018.

Addressing a joint press conference, the two premiers hoped that a free trade agreement would soon be signed.

Currently, the bilateral trade between the two countries stands at nearly $1 billion with Pakistan’s exports of $ 105 million and imports of $878 million.

Major export items from Pakistan include yarn and fibers as well as fresh aquatic animals, frozen and chilled.

The main imports from Thailand include motor cars, auto parts and accessories, chemical products and synthetic filaments.

The two sides had exchanged views on a range of bilateral relations with special focus on promoting trade and investment.

The Thai premier sought Pakistan's assistance on defense and security and showed interest in joint military exercises.

Earlier, the two countries signed an agreement under which diplomatic staff would be exempted from acquiring an entry visa.

They also signed two memoranda of understandings on the establishment of a joint business council and a joint trade company.

The signing ceremony was witnessed by Sharif and Yingluck.

The Thai premier is currently on a two-day visit at an invitation from newly-elected Sharif.

This is the first visit of a Thai prime minister to Pakistan since a visit in 2002 by then premier Thaksin Shinawatra, the brother of incumbent Yingluck.

The Thai premier is being accompanied by a high-level delegation comprising cabinet ministers, senior officials and businessmen

Güncelleme Tarihi: 21 Ağustos 2013, 09:34
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