Connect with us
The clever new way to send money abroad

China

Thailand, China Set $100Bn Target for trade in 2015

Thailand, China Set $100Bn Target for trade in 2015. China is currently one of Thailand’s major trading partners. Thai-Chinese trade amounted to 64.7 billion US dollars in 2011.

Published

on

Thailand and China have agreed to further boost economic ties during a high-level visit by Chinese Premier Wen Jiaboa to Bangkok.

Analysts say the visit, following soon after that of U.S. President Barack Obama, highlights increased interest in Southeast Asia’s positive economic outlook.

China is one of Thailand’s major trading partners

China is one of Thailand’s major trading partners. Thai-Chinese trade amounted to 64.7 billion US dollars in 2011.

 

Talks between Wen and Thai Prime Minister Yingluck Shinawatra on Wednesday were intended to build on a major trading agreement between China and Thailand, announced in April this year.

Under the pact set out for five years, the governments agree to ambitious targets to expand trade and investment, as well as tourism, aiming to raise bilateral trade up to 15 percent a year.

via Thailand, China Set Aggressive Targets to Increase Trade.

During the visit, several important documents involving relations between the two countries had been signed. Among them are the Agreement on Educational Cooperation, the second five-year Joint Action Plan on Thailand-China Strategic Cooperation for 2012-2016, the Memorandum of Understanding MOU on Agricultural Trade Cooperation, and a five-year development plan for 2012-2016 under the Agreement on Expanding and Deepening Bilateral Economic and Trade Cooperation.

China is one of Thailand’s major trading partners. Thai-Chinese trade amounted to 64.7 billion US dollars in 2011.

Both countries are seeking ways to achieve the bilateral trade target of 100 billion dollars by 2015. Chinese tourists visiting Thailand in 2012 are likely to reach two million, against 1.7 million recorded in 2011. Bangkok, Pattaya, and Kanchanaburi have been listed as popular tourist destinations among Chinese visitors to Thailand.

Click to comment

Leave a Reply

Economics

China’s new three-child policy highlights risks of aging across emerging Asia

Thailand’s (Baa1 stable) total dependency ratio is set to jump nine percentage points to 51% by 2030 – a faster increase than China’s – which will pressure public and private savings through higher taxes and social spending, reducing innovation and productivity gains.

Published

on

Street vendor in Bangkok

Population aging in China (A1 stable) and other emerging markets in Asia will hurt economic growth, competitiveness and fiscal revenue, unless productivity gains accelerate, according to a new report by Moody’s Investors Service.

(more…)
Continue Reading

China

Clear skies over Asia’s new foreign investment landscape?

Published

on

Compounding the fallout of the US–China trade war, the global pandemic and recession have caused considerable speculation on the future of foreign investment and global value chains (GVCs). But though there is likely to be some permanent change, it will probably not be as great as politicians expect.

(more…)
Continue Reading

Most Read

Recent