A Free Trade Agreement (FTA) may be signed between Thailand and Pakistan by the end of 2016. The FTA is expected to boost trade and particularly help Pakistan's textile sector because of the large demand for Pakistani textile products in Thailand.

Given the size of Pakistan's economy, Thailand considers it a promising country for business relations. Thailand wants to boost trade volumes between the two countries. The current volume of bilateral trade between Pakistan and Thailand is around a billion dollars. There exists scope to increase it to two billion dollars by improving connectivity between their private sectors.

Close cooperation between Pakistan and Thailand can be a win-win situation for both countries as they could facilitate each other in getting better market access in their respective regions. Pakistan could facilitate Thailand in promoting trade with south and central Asian countries whereas Thailand could help Pakistan in accessing the Asean region.

One way Pakistan and Thailand can promote bilateral trade is by holding single country exhibitions on a reciprocal basis. Pakistani products including textiles and readymade garments could find a good demand in Thailand. Strong linkages between the private sectors of both countries can increase trade volumes. Both countries are working to get closer in trade and economic relations.