Connect with us
CGIF-10th-Year-Anniversary

China

China running for top spot in Thai trade

China was Thailand’s biggest export market last year, with Thai exports to the mainland reaching US$26.9 billion.

Avatar

Published

on

china thailand flags

China might overtake Japan as Thailand’s biggest trading partner within three years, fuelled by Chinese investments in the Southeast Asian country, according to Srirat Rastapana, director general of international trade promotion at Thailand’s Ministry of Commerce.

Japan was Thailand’s biggest trading partner last year, with US$73.06 billion in trade. China was second at US$63.86 billion and the United States third at US$35.69 billion, according to official Thai data.

China was Thailand’s biggest export market last year, with Thai exports to the mainland reaching US$26.9 billion.

china thailand flags

China was Thailand’s biggest export market last year, with Thai exports to the mainland reaching US$26.9 billion.

If Hong Kong was included, Thai exports to China totaled US$40 billion last year.

The Thai government was aiming for a 10 per cent rise in Thai exports to China this year, Srirat said.

“China is the No 2 trading partner of Thailand behind Japan, but rising quickly with Chinese investment in Thailand,” she said. “That’s why we welcome more Chinese investment in Thailand.”

China is the No 2 trading partner of Thailand behind Japan, but rising quickly with Chinese investment in Thailand. That’s why we welcome more Chinese investment in Thailand

Chinese companies invested in factories in Thailand, that exported their products mainly to China, Srirat said.

The Thai government was promoting Chinese investment in the industrial sector, environmentally friendly manufacturing and new technology, she said.

China is Thailand’s fifth-biggest investor, having put US$4 billion into 177 projects mainly in light industry and machinery from 2007 to 2012, according to official Thai statistics. Japan is Thailand’s biggest investor, followed by the European Union

Source: China gaining on top Thai trade spot | South China Morning Post

Comments

China

RCEP and China: Reimagining the future of trade in Asia

The Regional Comprehensive Economic Partnership (RCEP) could eventually usher in an era of much deeper regional integration: for corporates doing business in the region, their future success may well hinge on how adeptly they manage to navigate the evolution of Asia’s trade landscape under the RCEP.

Avatar

Published

on

Last month, 15 countries in the Asia-Pacific region – including the 10 member states of the Association of Southeast Asian Nations (ASEAN) as well as China, Australia, Japan, New Zealand, and South Korea – signed the landmark Regional Comprehensive Economic Partnership (RCEP) on the final day of the 37th ASEAN Summit.

(more…)
Continue Reading

China

Thailand ready to ink big Chinese-backed trade deal

The RCEP will cover all 10 Asean member states plus five partners: China, Australia, Japan, New Zealand, and South Korea and will take effect from the middle of 2021 if at least six Asean members and three partners agree to its terms.

Olivier Languepin

Published

on

Thailand is set to sign the world’s biggest free trade agreement with Japan, China, South Korea and 12 other Asia-Pacific countries at the 37th Asean Summit this week.

(more…)
Continue Reading

Business

Great Wall Motor (China) takes over GM factory in Thailand

The Thai production hub will become operational in the first quarter of 2021 with automobile production capacity of 80,000 units per annum.

Avatar

Published

on

Chinese carmaker Great Wall Motor (GWM) hosted a ceremony on November 2nd to celebrate the latest milestone in taking full ownership of Rayong Manufacturing Facility in Thailand.

(more…)
Continue Reading
Advertisement

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,413 other subscribers

Trending