Political Consultation at secretary level and meetings of Joint Economic Commission will be held this year to further bolster the economic relations between Pakistan and Thailand, said Thatree Chauvachata, Consul-General of Thailand in Karachi.
Addressing the business community of Faisalabad at the Faisalabad Chamber of Commerce & Industry (FCCI) here on Friday, he expressed satisfaction over the political, economic and diplomatic relations between the two countries and told that Pakistan has been actively participating in Asian Cooperation Dialogue while Thailand also supported Pakistan in its entry into the ASEAN Regional Forum.
"In 2004 both countries signed MOU (Memorandum of Understanding) on Anti-Terrorism and other related crimes," he told and added that they also established a working group to further strengthen mutual cooperation for the exchange of intelligence and related information.
He further said that the Thai government through its Ministry of Foreign Affairs had been providing annual international training course, short course programs and scholarships to various countries including Pakistan in the field of economy, food security, public health and climate change.
"As many as eleven Pakistani officials had received this training during 2018," he added.
Regarding trade relations, he said that Pakistan is one of Thailand's significant trade and commerce partner. "In 2019, the bilateral trade between two countries jumped to 1466.63 million US dollar," he said and added that Thailand exported goods and services worth 1174.25 million dollar to Pakistan. Among these included automobiles, crude oil, chemicals, rubber products, machinery and polymer etc.
"Similarly Pakistani exports to Thailand recorded an increase of 41.45% in 2019," he said and added that among these export items included fresh aquatic animals, garments and textiles etc.
He further said that 4 major Thai companies had already invested in Pakistan while another 4 were exploring new opportunities for investment in Pakistan. "Very recently Pakistan's Electro-Polymers Private Limited and Thai Stanley Electric Public Company Limited have inked a historic partnership agreement by signing international Tri-party Joint Venture with Japan, Thailand and Pakistan."
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