Thailand is bound to export high quality products to China in the next decade, an expert said on Sunday. Addressing a seminar on Thai-Chinese strategic research, Thailand Trade Representative president Olarn Chaipravat said the Thai goods destined for export to China will be made as high quality products for Chinese people who make increased earnings.

“Thailand will deal in trade with China which has become the world’s economic superpower by exporting high quality goods to that country, including the top-quality rice named Hom Mali ( jasmine-fragrant), rubber, tapioca, palm oil, sugarcane and fruits. The Chinese will get richer, so they can afford to buy high quality goods,”

Olarn who is an adviser to Thai Prime Minister Yingluck Shinawatra told the seminar co-hosted by the National Research Council of Thailand, Huaqiao University and the Thai- Chinese Culture & Economy Association.

Olarn predicted that China’s economic growth will be 7.5 percent annually in the next decade

with employment of the Chinese in agricultural, industrial and service sectors speculated to rise 5 percent in a year.

Given increased incomes, those people will be looking for high quality products from exporting countries, including Thailand.

via Thailand bound to export high quality goods to China – People’s Daily Online.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Thailand earns multiple ‘best destination’ awards from China

At the same time, TAT offices in China also received multiple awards for its proactive marketing and excellent industry support throughout 2021, among them ‘best partner’ and ‘excellent partner’ honours.

SET to list Nasdaq 100 Index DR and China’s STAR 50 Index DR

Investors can trade DR in Thai baht via existing securities accounts, with fee similar to trading Thai securities, all day without intermission session.

Vietnam, China and Thailand are Cambodia’s top three export destinations

Cambodia’s total export to the Regional Comprehensive Economic Partnership (RCEP) member countries amounted to $1.95 billion in the first quarter of 2022, up 11 percent from $1.75 billion  over the same period last year, a Ministry of Commerce’s data showed on Thursday.