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Related Keywords: fourth round of talks on trade liberalization, FTA would benefit both countries, increase bilateral trade and investment, open the market for textile and garment, penetrate Asean Economic Community, technical barriers and laws, Thai negotiating team, Thailand gateway for Pakistan, trade facilitation, trade remedies

Thai negotiating team lead by Sunanta Kangvalkulkij, deputy director-general of the Commerce Ministry's Trade Negotiations Department will be in Islamabad for the fourth round of talks on trade liberalization. The Pakistani-Thai FTA would be beneficial to both countries and significantly increase bilateral trade and investment.

It would enable Thailand to expand its exports into South Asia as well as other Muslim nations in the surrounding region. Thailand will act as a gateway for Pakistan to penetrate the Asean Economic Community.

Related Keywords: fast-growing entity, global market in cotton towel products, Indigenisation and Economic empowerment act, Nortex, Northern Textile Mills, ramped up production, relocate from Zimbabwe to Botswana, subsidiary of defunct Merlin, targeting export markets in Asia, tough business environment, trade facilitation

Northern Textile Mills (Nortex), subsidiary of the now defunct Merlin, after relocating from Zimbabwe to Botswana has ramped up production to 100 percent, which is a clear indication that the country is missing a lot in terms of investment. Also a number of companies have exited the country citing tough business environment following the introduction of the Indigenisation and Economic Empowerment Act.