ISLAMABAD: The deadlock on the free trade agreement (FTA) between Pakistan and Thailand is likely to end soon as both sides have agreed to start the dialogue process with a new spirit.
Sources said that a latest round of negotiations between the two countries was held in Islamabad on Wednesday where both sides agreed to show flexibility to get the deal done.
According to details, Pakistan had demand tariff concession on 912 items to Thailand, whereas Thai officials have requested Pakistan to grant tariff concession on 1,700 items, including auto sector, but due to the alleged rigid stance of officials from both sides, the deal could not be materialised.
However, both sides have now realised that they cannot reach a consensus until they show some flexibility in their stance, said sources, adding that the two sides have decided to hold a vide conference next month before final sitting for the next round of negotiations.
Meanwhile, in the latest round of negotiations held on Wednesday, meeting members also discussed mechanism for non-tariff barriers to trade.
Minister for Planning, Development and Special Initiatives Professor Ahsan Iqbal on Friday reaffirmed the government’s…
Federal Minister for Commerce, Jam Kamal Khan on Friday reviewed quarterly trade figures and stressed…
In June of 2020, a renewable energy company owned by Indian billionaire Gautam Adani won…
The 100-Index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Friday, gaining…
Pakistani rupee on Friday appreciated by 20 paisa against the US dollar in the interbank…
The price of 24 karat per tola gold increased by Rs.2,500 and was sold at…
Leave a Comment