immense potential for bilateral trade between Pakistan and Thailand: ICCI
Published on: December 3, 2023.
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A delegation from the Islamabad Chamber of Commerce and Industry (ICCI) led by its president, Ahsan Zafar Bakhtawari, recently visited Thailand to explore business opportunities between the two countries. The delegation represented various sectors, including pharmaceuticals, textiles, construction, edible oil, marble, light engineering, hospitality, retail, importers, and exporters.
President Ahsan Zafar Bakhtawari emphasized the immense potential for bilateral trade between Pakistan and Thailand. He noted that the current trade volume is relatively low, but there are numerous untapped opportunities for growth and expansion. Thailand, known for its exports of electronics, automobiles, and machinery, could complement Pakistan’s market of over 240 million consumers and abundant natural resources like cotton, rice, and textiles. President Bakhtawari highlighted agriculture, textiles, and energy sectors as having great potential for trade, encouraging cooperation in the renewable energy sector to meet Pakistan’s growing energy needs. The purpose of the visit was to establish connections with Thai counterparts and explore new areas of mutual cooperation for future business opportunities.
The office bearers of Thai Chamber of Commerce and Thai-Pakistan Business Council warmly welcomed the ICCI delegation and expressed their full cooperation in promoting business linkages between the private sectors of Thailand and Pakistan. They emphasized the importance of increased trade and investment between the two countries, calling for frequent exchange of trade delegations to identify new avenues of business and investment. They believed that with supportive policies and incentives, the business relationship between Pakistan and Thailand could flourish in the coming years. The visit of the ICCI delegation to Thailand is expected to pave the way for successful business partnerships.
Overall, the visit to Thailand by the ICCI delegation highlighted the potential for stronger trade ties between Pakistan and Thailand. It opened doors to explore untapped business opportunities and fostered cooperation between various sectors of the two countries. With both sides committed to promoting trade and investment, Pakistan and Thailand can look forward to a prosperous economic future.
Source: [Nation](https://www.nation.com.pk){:target=”_blank” rel=”nofollow”}
