Stakeholders stress the need to tap into the ASEAN market – Business & Finance

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RAWALPINDI: Thailand can offer significant economic and trade opportunities to Pakistan by connecting it to the ASEAN (Association of Southeast Asian Nations) market.

Speakers expressed these views at the 34th Excellence Awards Ceremony and Conference hosted by the Rawalpindi Chamber of Commerce and Industry (RCCI) in Bangkok, Thailand, it said. a statement issued on Sunday.

They said the share of ASEAN countries in world trade was about 25%, while Pakistan’s trade volume with ASEAN countries was only about seven billion dollars. which was very low in terms of potential.

They added that the awards and the business conference are aimed at increasing trade relations among ASEAN countries and bringing together the business and private sectors of Pakistan and Thailand.

Arada Fuangtong, a representative from the Prime Minister’s Office and the Department of International Trade Promotion of the Ministry of Commerce of Thailand (DITP), who was the chief guest on the occasion, praised RCCI’s efforts to promote relations trade between the two countries.

She also accepted and appreciated the recommendations and suggestions, including opening a DITP office in Pakistan.

RCCI Chairman Nadeem Rauf said in his opening speech that the ASEAN region, with its significant economic power, vast natural resources and dynamic workforce, has tremendous development potential that must be explored in the best interests of all member countries.

He added that there are vast opportunities for mutual trade in many sectors, including marble, medicine, automotive, construction, seafood, tourism and clothing.

Speaker of the House Nadeem Rauf said about 100 business people, institutions and government officials from Thailand, including Pakistan, attended the conference on rewards and business opportunities. business.

He said there are brotherly relations between Pakistan and Thailand, tourism, especially tourism to religious places, is very important, and many signs and relics of Buddhism are still present in Pakistan.

He added that the two countries also share a deep bond with each other under the Gandhara civilization.

He urged Thai investors to look at opportunities in construction and real estate, tourism and the hospitality industry, as Pakistan was a huge market in terms of electronics and automobiles.

He added that Pakistan’s exports include seafood, cotton fabrics, fabrics, plastics, granite, marble and spices, fruits and frozen juices.

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