ISLAMABAD: Pakistan and Thailand have agreed to work together for early conclusion of a mutually-beneficial bilateral free trade agreement (FTA), as the two sides reviewed the entire gamut of bilateral relations in areas such as defence, security, economic, trade, and investment.
This was agreed during the second session of Pakistan-Thailand Bilateral Political Consultations (BPC) in which Foreign Secretary Sohail Mahmood and Permanent Secretary of Thai Ministry of Foreign Affairs, Ambassador Thani Thongphakdi led their respective delegations at the 2nd round of the BPC held virtually, Wednesday.
A bilateral meeting preceded the delegation-level talks.
According to a statement of the Foreign Office, the two sides reviewed the entire gamut of bilateral relations from political, defence and security to economic, trade and investment ties, education, science and technology, culture, tourism and multilateral cooperation.
Welcoming the steady progression in multi-dimensional bilateral relations over the years based on mutual trust and understanding, the two sides renewed strong desire and commitment to consolidate and further enhance cooperation in diverse fields in line with their shared objectives of peace and development.
They noted the importance of regular interaction and dialogue under existing mechanisms and exchange of high-level visits to provide momentum to the relationship.
Thailand’s “Look West” and Pakistan’s “Vision East Asia” policies complement each other.
The foreign secretary highlighted Pakistan’s focus on ensuring economic security leveraging its geo-economic location, development partnerships, and regional peace and security.
He stressed the importance of translating the longstanding friendship, shared heritage and political goodwill between Pakistan and Thailand into substantial economic relationship for greater mutual benefit.
There was immense scope for cooperation in trade and investment, connectivity and development given that the two countries were “gateways” to their respective regions.
It was agreed to work together for early conclusion of a mutually-beneficial bilateral free trade agreement.
Foreign Minister Shah Mahmood Qureshi has also extended invitation to Deputy Prime Minister and Foreign Minister of Thailand Don Pramudwinai for the next round of Joint Economic Commission (JEC) to be hosted by Pakistan.
The recent signing of the bilateral MOU on defence cooperation was welcomed and it was decided to expedite several other agreements in the pipeline including in the fields of agriculture and science and technology.
It was agreed to enhance tourism, cultural cooperation and people-to-people exchanges.
Pakistan was particularly keen to promote and facilitate tourism to its Buddhist Ghandara sites.
In terms of regional perspective, it added that the foreign secretary briefed about Pakistan’s constructive role in promoting peace and reconciliation in Afghanistan, and the imperative of a just and peaceful resolution of the Jammu and Kashmir dispute for regional peace and stability. Permanent Secretary Thani Thongphakdi shared perspective about Pakistan-ASEAN relationship.
The foreign secretary reiterated Pakistan’s desire for Full Dialogue Partnership with ASEAN and thanked Thailand for its consistent support in this regard.
“It was agreed to continue to remain engaged on all issues of mutual interest and enhance frequency of high-level exchanges between the two countries,” it added.
Copyright Business Recorder, 2021