Unlocking ASEAN through Vietnam: A Strategic Path for Pakistans Trade Diversification

Adnan Akram
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Adnan Akram: Pakistan Institute of Development Economics

No 2026:140, PIDE Knowledge Brief from Pakistan Institute of Development Economics

Abstract: Pakistan and Vietnam aim to negotiate a preferential trade agreement (PTA) under the framework of 5th Vietnam-Pakistan subcommittee on Trade in November 2025 to reduce tariffs, overcome non-tariff barriers and enhance market access. Despite their shared potential as emerging Asian economies, bilateral trade remains negligible due to structural issues such as low trade complementarity, overlap in comparative advantage, and lack of mutual awareness between the two sides. Vietnam is a dynamic and emerging economy with global exports of 434.66 billion US$ yet Pakistans market share remains marginal.

Pages: 6
Date: 2026
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