Pakistan, other Asian nations to conclude FTA talks soon
Pakistan Times Business & Commerce Desk

BEIJING (China): Pakistan and other Asian countries has hoped to soon conclude their on-going talks at bilateral and regional level for free trade agreements.

Trade envoys are busy working on piles of documents to establish trade liberalization and investment facilitation arrangements, which they hope, would promote the free flow of goods, services and investment across borders.

According to report published in China Daily, Singapore and Thailand have emerged as the two Asian countries with the biggest number of completed free trade agreements (FTA).

The proliferation of FTAs comes after some governments grew impatient with snail-paced World Trade Organization's (WTO) Doha-round negotiations.

They want to create bilateral trade deals to open up a few markets that have a real impact on their economies such as the United States and Japan, rather than waiting for consensus from the 148 WTO members.

The bilateral and regional trade talks can produce immediate results and effectively boost international trade.●