Thailand and China moving towards US$140bil trade goal


NONTHABURI, Aug 10 (Bernama): The Department of Trade Negotiations is trying to increase Sino-Thai trade value to US$140 billion within next year, Thai news agency (TNA) reported.

Auramon Supthaweethum, director-general of the department, recently had a tele-conversation on bilateral trade expansion with Peng Gang, director-general of the Department of Asian Affairs of China’s Ministry of Commerce as both countries had a mutual goal to increase their bilateral trade value to US140 billion next year.

She also discussed connection between Thailand’s Eastern Economic Corridor project and China’s Belt and Road Initiative and Greater Bay Area project.

Auramon asked China to quickly implement the Sino-Thai memorandum of understanding on trade in farm products, especially the government-to-government agreement to import 1 million tons of Thai rice.

On the same occasion, she expressed gratitude towards China for its import of Thai farm products, especially fruits of which China was the biggest importer, she said.

Both countries would promote bilateral trade through online and offline channels despite the coronavirus disease 2019 pandemic, Auramon said. China invited Thai operators to join the China International Import Expo in Shanghai on Nov 5-10 and the China-ASEAN Expo in Nanning on Nov 27-30, she said.

China is the biggest import market and the second biggest export market of Thailand. Last year the bilateral trade was estimated at US$79.44 billion. In the first half of this year, the value stood at US$38.49 billion. - Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Thailand , China , Trade Value , Bilateral Trade , Market

   

Next In Aseanplus News

Bath assistants serve elderly with a soothing experience
Bangkokians advised to work from home until Friday as more floods expected
20 soldiers detained for robberies at sea, says Home Ministry
Finding their bodies: Indonesian fan's desperate search for family after soccer stampede
Elon Musk’s everything app ‘X’ sounds a lot like China’s WeChat
Indonesian soccer association dodges blame for Malang tragedy
Social media, messaging apps linked to over 600 sexual crimes against children below 18, Parliament told
Brunei ranked first in cost of redundancy dismissal
Overall market stays bullish on Budget 2023 hopes, improved global sentiment
Over RM2.5bil lost to phone scams since 2018, says Home Minister

Others Also Read