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Related Keywords: enhancing bilateral trade between the two countries, Free trade agreement, FTA, held inAugust, holding eighth round of talks, Pakistan and Thailand, reach a final decision, request lists from both sides and offer lists, talks on the text of agreement, tariff reduction modalities

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.

Related Keywords: Central Asian states, conclude FTA. by May next year, Major import products from Thailand include fabrics, Pakistan and Thailand, Pakistan second largest trading partner, Pakistan to enhance access to ASEAN region, Textiles, Thailand to enhance trade with South Asian states

Pakistan and Thailand to conclude a free trade agreement (FTA) by May next year, which will help Pakistan, enhance its access to ASEAN region and Thailand to enhance its trade with the South Asian states as well as with the Central Asian states. Pakistan is already its second largest trading partner after India in the region.

The two countries plan to use the FTA as a springboard for gaining access in the ASEAN and South and Central Asian regions respectively.

Related Keywords: articles of apparel and clothing accessories, boost intra-industry trade, comparative advantage in cotton yarn and woven textiles, double the volume of bilateral trade, Free trade agreement, knitted or crocheted fabrics, made up textiles, Pakistan and Thailand, ready-made garments, start first session of negotiation

The first session of negotiations on Free Trade Agreement between Pakistan and Thailand will take place in Thailand on September 27-28 this year. This was agreed during the meeting held by the Minister for Commerce, Engr. Khurram Dastgir Khan with the Minister for Commerce of Kingdom of Thailand General Chatchai Sarikulya on Thursday.