Karachi: 21st December 2011; Mr. Pichate Satirachaval, Thailand’s Trade Representative and Consultant to the Thai PM, called on Makhdoom Amin Fahim, Federal Minister for Commerce today on 21st Dec, 2011 at his Camp Office in Karachi. He was accompanied by the Thai Ambassador in Pakistan as well as Pakistan’s Ambassador to Thailand. They discussed bilateral trade issues between the two countries.
The Thai Trade Representative informed the Commerce Minister that formation of a Joint Trade Committee (JTC) was approved by the Thai Cabinet and its first meeting was likely to be held early next year either in Pakistan or Thailand. He also informed that a Joint Feasibility Study on an Early Harvest Program for an eventual Free Trade Agreement had already been completed. The Federal Minister for Commerce drew the attention of the Thai Trade Representative to the potential of Gwaadar port of Pakistan as a platform for exports to Central Asia.
In the meeting, it was also agreed that the two countries would cooperate for study of Halal food Certification between the two countries. The Thai Trade Representative informed that in Thailand about 5,000 firms had already been qualified for Halal food trade and nearly 75,000 items were cleared as Halal.
Mr. Satirachaval offered Thai expertise for up-grading the Gems and Jewelry sector of Pakistan, as Pakistan had substantial mineral deposits which needed to be explored.
It was anticipated that the next meeting of the Joint Economic Commission to be held in Pakistan would help in attracting investment from Thailand, leading on to greater bilateral trade between the two countries. It was also stated in the meeting that a large food business group of Thailand – the CP Group – was coming to Pakistan to explore the viability of investing in the Poultry sector here.
On raising a point by our Commerce Minister, Thailand‘s Trade Representative agreed to look into the possibility of opening up the Thai market for export of Pakistani fruit. The meeting concluded with a determination on both sides to stimulate the bilateral trade between Thailand and Pakistan through extensive exchange of trade delegations.