Thailand, Singapore to push up economic cooperation
Thailand and Singapore are scheduled to sign five memorandums of understanding (MoUs) on intellectual property, agriculture and sustainable businesses this week, according to Trade Negotiations Department Director-General Auramon Supthaweethum.
Thailand and Singapore are scheduled to sign five memorandums of understanding (MoUs) on intellectual property, agriculture and sustainable businesses this week. (Photo:osrvacation.com)
Bangkok (VNA) - Thailand and Singapore are scheduled to sign five memorandums of understanding (MoUs) on intellectual property, agriculture and sustainable businesses this week, according to Trade Negotiations Department Director-General Auramon Supthaweethum.
The official said that the MoUs will be signed on October 13 by related agencies on the sidelines of the sixth ministerial meeting of the Singapore - Thailand Enhanced Economic Relationship (STEER) in Bangkok.
Thai Minister of Commerce Jurin Laksanawisit and Singaporean Minister for Manpower and Second Minister for Trade and Industry Tan See Leng are scheduled to co-chair the meeting, which is aimed at accelerating cooperation on innovative agriculture, digital economy, investment, tourism and intellectual property, the Bangkok Post reported.
Singapore is Thailand's fourth largest trading partner in the Association of Southeast Asia Nations (ASEAN) and the country’s eighth largest trading partner in the world.
Bilateral trade between the two countries amounted to 12.9 billion USD in the first eight months of this year, an increase of 20.3% against the same period last year. Of the total, Thai exports accounted for 7.18 billion USD, up 23.7% year-on-year, while its imports from Singapore were worth 5.67 billion USD, an increase of 16.2%.
Thailand's direct investment in Singapore during the 2005-2021 period hit 146 billion USD, while investment in 2021 alone reached 7.73 billion USD. Singapore's direct investment in Thailand in the period totalled 86.1 billion USD, with an investment value of 5.41 billion USD in 2021./.
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The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
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ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
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The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Thailand and Singapore are scheduled to sign five memorandums of understanding (MoUs) on intellectual property, agriculture and sustainable businesses this week. (Photo:osrvacation.com)
