Pakistani marble and granite sector has an excellent scope in the Thai market

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Thailand is keen to promote trade ties with Pakistan and both countries have immense potential to enhance the exchange of goods, said Thailand Ambassador Chakkrid Krachaiwong.

Talking to businessmen at the Islamabad Chamber of Commerce and Industry (ICCI) on Friday, the envoy said that Thailand was waiting for Pakistan’s response to the proposed free trade agreement (FTA).

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He revealed that last chapter of the deal was yet to be finalised and it was expected to boost trade between the two countries.

“Thailand is constructing many high-rise buildings and Pakistani marble and granite sector has an excellent scope in the Thai market,” he pointed out.

He stressed that in the post-Covid scenario, both countries should focus on promoting people-to-people contacts because they could help in improving relations.

Speaking on the occasion, ICCI President Muhammad Shakeel Munir briefed the Thai ambassador about the potential of foreign investment in various sectors of Pakistan’s economy and urged investors to take benefit of the avenues by investing in Pakistan.

“Many local products including marble and granite, medicines, surgical instruments, sports goods, leather products, mangoes and others can find a huge market in Thailand, which should focus on Pakistan to meet its import needs,” he emphasised.

According to Munir, the bilateral trade value of $1.6 billion is far below the actual potential of both countries, which should facilitate their private sectors for improving the volume of two-way trade.

Highlighting that Pakistan was producing diverse varieties of marble and granite with mechanised mining, he requested Thailand to import those products from the South Asian nation to meet needs of its construction sector.

Source: tribune.com.pk