Pak-Thailand agree to double trade volume in next 5 years

BusinessPak-Thailand agree to double trade volume in next 5 years

ISLAMABAD: Pakistan and Thailand have resolved to give top most priority to expand bilateral trade and economic relations and double trade volume in next five years.

The joint statement issued at the end of the visit of Prime Minister of Thailand Yingluck Shinawatra to Islamabad on Wednesday said both the leaders stressed the need to make trade more balanced through appropriate measures to encourage more exports from Pakistan to Thailand.

   

The two Prime Ministers agreed to discuss the possibility of bilateral free trade agreement hoping that it will form the centre-piece of economic partnership between the two countries.

They also agreed to enhance connectivity by land‚ sea and air in order to facilitate trade‚ investment and people-to-people contacts.

Both the leaders acknowledged the need to enhance security collaboration by encouraging more cooperation in combating terrorism‚ transnational crimes including drug trafficking and human smuggling through exchange of information and intelligence.

They also noted the need for increased interaction at the leadership level between the armed forces as part of expanding bilateral defence cooperation.

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