Pak, Thailand FTA To Be Signed By January 15
Fahad Shabbir (@FahadShabbir) Published November 13, 2017 | 08:10 PM
A Free Trade Agreement (FTA) between Pakistan and Thailand will be signed on on January 15 during next year to focuses for enhancing the bilateral trade between two countries
ISLAMABAD, (UrduPoint / Pakistan Point News - 13th Nov, 2017 ) :A Free Trade Agreement (FTA) between Pakistan and Thailand will be signed on on January 15 during next year to focuses for enhancing the bilateral trade between two countries.
The 9th round on FTA negotiation will start between Pakistan and Thailand by November 6-8 in this year, in which both side would presenting the complete offer list of Free Trade Agreement (FTA) , for reaching the final agreement, a top official of Ministry of Commerce told APP here on Monday.
Both sides had exchanged the final offer lists of items for free trade, including automobile and textile sectors in order to remove the reservations of both sectors, Pakistan wants concession on 100 products on textiles, agro-products, plastic and Pharmaceuticals as same Thailand granted to other FTA partners in these products, he said.
The official said that during the 9th round, talks would be held on the text of agreement, tariff reduction modalities, complete request lists from both side and offer lists.
He said that Pakistan had relative advantages over Thailand in some 684 commodities including cotton yarn and woven textiles, readymade garments, leather products, surgical instruments and sports goods.
While talking on second phase of Pak-China FTA, he said China had agreed to provide market access to 65 items, shared by Pakistan besides providing concession on all items included in the offer list.
He added that coming round of negotiation with China under 2nd phase of FTA would held in first week of January, 2018 in Islamabad. This acceptance came during the negotiations held under 2nd phase of Pak-China Free Trade Agreement (FTA) in China.
"We want the concession on 65 import items and low tariff line on products for further trade liberalization in 2nd phase of FTA between Pakistan and China," he said. He said that Pakistan was desirous to have duty relaxation on 65 products before launching the phase-II as same China given to Association of South East Asian Nation (ASEAN) countries.
Related Topics
Recent Stories
Azam Khan likely to miss T20I series against Kiwis due to discomfort in right kn ..
Badar Shahbaz Warraich appointed as PM’s media coordinator
Finance Minister rules out rupee devaluation in talks with IMF
National team determined for good performance against New Zealand: Babar Azam
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 18 April 2024
Today Gold Rate in Pakistan 18 April 2024
Saka and Odegaard start for Arsenal, Guerreiro in Bayern midfield
Qatar PM says re-evaluating Israel-Hamas mediation role
Govt spokesperson terms allegations of PTI's Marwat against Saudi Arabia 'heinou ..
Minister appreciate UAE’s support for Pakistan economic challenges
Manchester City v Real Madrid Champions League starting line-ups
MIGA's support Pakistan in attracting foreign investments: Federal Minister for ..
More Stories From Pakistan
-
Gas leak claims life in Quetta
10 minutes ago -
DC directs to expedite development projects in Matiari district
10 minutes ago -
Rangers arrest four involved in robberies
19 minutes ago -
Fly Jinnah launches another non stop flights from Islamabad-Muscat
20 minutes ago -
KPRA to adopt fixed tax for wedding halls, beauty parlors
30 minutes ago -
Threat alert: DC Pishin asks JUI to postpone public gathering
30 minutes ago
-
IRSA releases 182,100 cusecs water
40 minutes ago -
Drug peddler arrested :Hashish recovered
40 minutes ago -
Jirga held to maintain peace in district Kurram
49 minutes ago -
AIOU extends date for BS programmes admission
50 minutes ago -
Govt chalks out concrete road-map for reforms in power sector: Awais Leghari
50 minutes ago -
UAJK set to host 42nd International Pakistan Zoology congress
50 minutes ago