ISLAMABAD - Executive Director, Thai Board of Investment, Chollada Areerajjakul on Friday said that Pakistan and Thailand have started negotiations for signing a Free Trade Agreement (FTA) and hoped that FTA would help in boosting the bilateral trade between the two countries.

A Thai delegation led by Areerajjakul alongwith representatives of Billiger & Company of Thailand visited Islamabad Chamber of Commerce and Industry.

They also discussed to explore investment opportunities in Pakistan with special interest in food, processed agricultural products, textiles and clothing, construction, pharmaceutical and jewelry.

Speaking on the occasion, Chollada Areerajjakul said that they consider Pakistan a potential country for investment and have come to explore opportunities for Thai investors.

They said Indian pharmaceutical companies have entered in Thailand and stressed that Pakistani manufacturers of pharmaceuticals and other products should improve quality of their products to get better penetration in Thailand market. Addressing the Thai delegation, Atif Ikram Sheikh, President, Islamabad Chamber of Commerce and Industry stressed upon the need of regular exchange of trade delegations between Pakistan and Thailand to find out all potential areas of mutual cooperation and to improve bilateral trade.

He identified agriculture, food processing, IT and telecommunication, engineering, pharmaceutical, automobile and construction as potential sectors for Thai investment in Pakistan.

He said Pakistan was basically an agro-based economy with huge foreign investment potential and emphasized that Thai investors should bring latest agriculture technology & machinery to Pakistan and establish joint ventures here to produce value added food and textiles products.

He said Pakistan has made liberal investment policies and Thai investors should set up production plants in areas of interest to get better access to South and Central Asian markets. He assured that ICCI would extend all possible help to Thai investors for making investment in Pakistan.