Thailand and Pakistan are likely to sign a free trade agreement by the end of this year. Both countries with dynamic consumer markets have unlimited scope for business. Although Pakistan faces an unfavorable balance of trade with Thailand the consistent rise in bilateral trade is a positive sign. To increase the volume of trade between the two countries, trade fairs and single country exhibitions will be arranged on a reciprocal basis. The communication gap between the respective private sectors will be bridged. Pakistan already exports frozen fish, woven cotton fabrics, crustaceans, cotton yarns, leather, medicament mixtures and electro-medical apparatus to Thailand.

Thailand and Pakistan established diplomatic ties back in 1951 and both countries have been enjoying steady economic and trade relations. Among the top exporting countries for Pakistan, Thailand comes at 34th place and with regard to top importing countries, Thailand is ranked at 12th place. Trade is expected to flourish after the FTA is signed between the two countries as the cost of doing business will fall and the non-tariff barriers will be removed. Thailand is already investing in Pakistan while more Thai companies are keen on following suit. From 2013 to 2015, bilateral trade increased from 833 million dollars to 973 million dollars.