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Thailand, China plan to double bilateral trade in next three years

Thailand and China will form a joint committee to remove trade barriers between the two nations in order to lift two-way trade to 120 billion USD in the next three years, nearly doubling the current figure of 67 billion USD, Thai media reported.​
Thailand, China plan to double bilateral trade in next three years ảnh 1Illustrative photo (Source: Internet)

Bangkok(VNA) - Thailand and China will forma joint committee to remove trade barriers between the two nations in order tolift two-way trade to 120 billion USD in the next three years, nearly doublingthe current figure of 67 billion USD, Thai media reported.

As scheduled, leaders of the two commerce ministries will discussstrategic issues that affect bilateral trade ties in all respects at the 6thMeeting of the Thailand-China Joint Committee on Trade, Investment and EconomicCooperation in Thailand in February.

According to Thai Minister of Industry Uttama Savanayana, the Thai government hasplanned to attract Chinese investors in projects in the Eastern EconomicCorridor (EEC) area.

Investment promotion programmes will be mappedout in line with China's One Belt, One Road initiative, he said.

The government wants to propel the country's economy towards Industry4.0, which aims to upgrade the industrial sector through the use of hightechnology, he added.

On January 15, Thai Deputy Prime Minister Somkid Jatusripitak held aworking session with officials from the Thai Ministry of Industry to debate waysto lure more investments in the EEC area.

The flow of investment into the area is hoped to increase the country’s economicgrowth by 5 percent in the next five years, helping Thailand escape the middle incometrap.-VNA

VNA
#Thailand-China Joint Committee on Trade#Investment and Economic Cooperation#Thailand-China trade#Thai Minister of Industry Uttama Savanayana#Eastern Economic Corridor (EEC)#Vietnam#Vietnam news#Vietnam News Agency
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