LAHORE - The Lahore Chamber of Commerce & Industry President Malik Tahir Javaid has urged business communities of Pakistan and Thailand to explore more avenues of enhancing trade and look for opportunities for joint ventures.

He was speaking at the Thai Chamber of Commerce & Industry, Board of Trade of Thailand.

Deputy Secretary General Kasemsit Pathomsak, Section Project Manager, Charoen Pokphand Foods Public Company Ltd Kulkanlaya Kritnoi, Managing Director MICAP Machineries Ltd Mingpant Chaya, Thai businessmen and the LCCI delegation members also spoke on the occasion and showed keen interest in partnership with their counterparts.

Kasemsit Pathomsak said Pakistan has made substantial progress over the years and bilateral trade and diplomatic relations between both the countries have further strengthened.

He said that there is immense potential to enhance trade as major exports from Pakistan to Thailand include yarn and fibre, chemicals, finished oils, edible meat etc but there are plenty of other products which are capable of capturing share in Thai market, which need effective marketing and promotional activities.

He urged the business communities of both the countries to explore more avenues of enhancing trade and look for opportunities for joint ventures.

The LCCI president said that Pakistan is already exporting cotton, fish and other sea food, knitted fabric, meat, raw hides & skins, machinery, medical & optical apparatus and pharmaceutical products etc to Thailand but side need to work more.

He said that both Pakistan and Thailand have very strong credentials to give new strengths to their respective economies as both the countries have good geographical locations making them a safe heaven for investment.

Malik Tahir Javaid said that the fact remains that the volume of trade between the two countries is much below their respective potential on various sectors of the economy and the lack of dissemination of information could be one of the biggest reasons.