ISLAMABAD – Pakistan would get benefits of $200 million after signing thefree trade agreement (FTA) with Thailand.
Pakistan and Thailand would present their final list of FTA in coming roundof negotiation scheduled for September that are aimed at increasing tradeliberalisation between both the countries.
Both sides had exchanged the final offer lists of items for free trade,including automobile and textile sectors in order to remove thereservations of both sectors.
Pakistan wants concession on 110 products on textiles, agro-products,plastic and Pharmaceuticals as the same was granted by Thailand to otherFTA partners in these products, a top official of the commerce ministrytold APP.
He said that Pakistan had relative advantages over Thailand in some 684commodities including cotton yarn and woven textiles, ready-made garments,leather products, surgical instruments and sports goods.
While talking on second phase of Pak-China FTA, he said China had agreed toprovide market access to 58 items, shared by Pakistan besides providingconcession on all items included in the offer list.
“We want the concession on 70 export items and low tariff line on productsfor further trade liberalisation in second phase of FTA between Pakistanand China,” he said.
He said that Pakistan was desirous to have duty relaxation on 70 productsbefore launching the phase-II as the same was given by China to ASEANcountries. – APP