Rawalpindi.Ambassador of Thailand in Pakistan Suchart Leingsaengthong paid a visit to the Rawalpindi Chamber of Commerce and Industry (RCCI ) here on Thursday and held a meeting with traders to discuss various options for further enhancing the bilateral trade ties between the two countries. The envoy was accompanied by Counselor Ms. Marisa Indramangla and political and economic assistant Syed Hassan Iqbal. President RCCI Mian Humayun Parvez, Senior Vice President Saqib Rafiq, Vice President Muhammad Aqil obaid, former presidents, Chairman fair and Exhibition committee Raja Amir, members of the executive committee and a large number of traders were also present on the occasion.
Addressing the RCCI members and traders the envoy said that the two countries are making efforts to sign a Free Trade Agreement (FTA) and we are hopeful that the FTA would be finalized by the end of 2016. The Ambassador said that conclusion of FTA would not only boost trade but it would also help in strengthening the trade ties between the two countries. The current volume of bilateral trade is very low and this has to be enhanced, the envoy added. He said given the size of Pakistan’s economy, Thailand considered it a promising country for business relations. The exchange of delegations is very important to know each other. The envoy assured that his Embassy would facilitate businessmen in improving trade volume between the two countries.
Speaking at the occasion, RCCI president Mian Humayun Parvez stressed upon the better relations and linkages between the private sectors of both countries. He said the existing bilateral trade volume is around US $1 billion which could be doubled by improving connectivity between the private sectors of the two countries.
RCCI president suggested that the exchange of trade delegations and holding exhibitions on reciprocal basis is the best way for promoting bilateral trade. There is a huge scope of investment and there is a need to explore various sectors like gem and jewelry, auto parts manufacturing, rubber and plastic products, food processing, packaging, vegetable seeds, tourism and hospitality.
Transfer of technology, polishing and finishing of stones, mining machinery, and setting up a testing lab for gems can further boost this sector. Later President RCCI presented a memento to the Thai envoy.