Ambassador of Thailand says Thai companies are keen to invest in Pakistan as both countries are dynamic consumer markets that provide unlimited scope for businessmen.
LAHORE: Ambassador of Thailand Chakkrid Krachaiwong has said that Thai Airways would soon resume flight operations for Lahore and Islamabad, which was suspended due to the Covid-19.
Speaking at the Lahore Chamber of Commerce and Industry (LCCI), Chakkrid Krachaiwong expressed the hope that the volume of bilateral trade would be increased with the normalization of the situation after the pandemic.
The ambassador said Thai companies are keen to invest in Pakistan, adding that both countries are dynamic consumer markets that provide unlimited scope for businessmen.
Speaking on the occasion, LCCI President Mian Nauman Kabir stressed the need for providing Pakistani products access to the Thai market, adding that both countries enjoy cordial relations based on mutual trust.
He said the volume of bilateral trade was around $1 billion in 2020, adding that there is a need to bridge the trade deficit and increase the volume of bilateral trade by exploring new avenues of economic cooperation. The LCCI president said Pakistan’s exports to Thailand are frozen fish, textiles, articles, beverages, and cotton.
“We are importing vehicles, articles of plastics, staple fibers, organic chemicals, and machinery parts from Thailand,” he said. “Thailand’s look west and Pakistan’s vision of East Asia policies complement each other. [The] governments and the private sector of both countries should take necessary steps to turn this vision into reality,” he said. He said that Pakistan can benefit from the Thai expertise in the development of the tourism sector,” he said.
LCCI Senior Vice President Rehman Aziz Chan and Vice President Haris Ateeq said that Pakistan has recently liberalized policy framework to encourage manufacturing of mobile phone devices and electric vehicles. These hi-tech sectors offer a great potential for joint ventures between the private sectors of both countries, they added.