Lahore, February 12, 2018 (PPI-OT): The LCCI President Malik Tahir Javaid has said that potential to export Thailand from Pakistan is far more diversified and sizeable than the current one. He was speaking at the Thai Chamber of Commerce and Industry, Board of Trade of Thailand. Deputy Secretary General Mr. 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.
The LCCI President said that Pakistan is already exporting cotton, fish and other sea food, knitted fabric, meat, raw hides and skins, machinery, medical and 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. He said that the import and export profiles of the two countries indicate that there is a potential of increasing Pakistan’s export to Thailand, while Pakistan also has huge potential of importing goods from Thailand. He said that business-to-business contacts and one-to-one meetings are the most productive means of marketing a country’s products.
The LCCI President said that Pakistan is strategically located and is a gateway to the markets of Central Asian Republics and the Gulf countries. Any investment made in Pakistan will find markets in the entire region surrounding Pakistan. Industrial parks development will be a good choice for Thai business tycoons as they will surely be supported by Pakistan government as well.
Malik Tahir Javaid said that Thai investors who are interested to weigh up the energy sector of Pakistan especially untapped potential of coal and renewable/alternate energy would be facilitated all the way. He said that the LCCI is desirous of developing a close linkage among the business support organizations for ensuring continuity in mutual efforts of both the countries to increase the volume of trade between two countries.
“To further expand economic and commercial ties it is necessary that Chambers of Commerce and Industry and the Boards of Investment of the two countries play their due role. Trade fairs and single country exhibitions can be arranged on reciprocal basis to achieve this goal.”
Mr. 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.
For more information, contact:
Lahore Chamber of Commerce and Industry (LCCI)
Lahore -54000, Pakistan