Thailand and Sweden have signed an agreement which will contribute to bilateral law enforcement against organised and severe crimes, drug and human trafficking and terrorism.

Prime Minister Yingluck Shinawatra and her Swedish counterpart Fredrik Reinfeldt witnessed the official endorsement of the Law Enforcement Cooperation Agreement during the former’s visit to the Nordic country.

Yingluck Sweden
Yingluck Shinawatra is on a trip to Europe where she met king Carl XVI Gustaf of Sweden

 

The major objective of Ms Yingluck’s visit is to enhance cooperation with the Swedish administration and the private sector on economic activities, investment, medical service and tourism. The Thai premier is accompanied by more than 40 Thai businessmen.

The strength of Thai exports has led to substantial trade surpluses with the EU

Each year, the value of Thai exports to the EU has been roughly double that of Thai imports from the Community. This has significantly helped strengthen Thailand’s external account and contributed to the GDP which depends heavily on external incomes (approx. 70%).

The Prime Minister has assured Swedish investors about Thailand’s vast investment opportunities under the government’s national development strategies towards the emergence of ASEAN Economic Community (AEC) in 2015.

During this week’s official visit to Europe, Prime Minister Yingluck Shinawatra attended a Thailand-Sweden investment promotion event, which was also joined by Mrs. Ewa Bjorling, Swedish Minister of Trade.

At the event, the Thai Premier has spoken to the participants about the country’s political stability and strong economic condition, which she assured, will continue under the national development strategies to help it become the connecting hub of ASEAN.

PM Yingluck stressed that such plans are offering various investment opportunities, in which Thailand and Sweden can mutually be benefited.

According to the Prime Minister, Thai-Swedish trade and investment rose from 700 million kroners to 911 million kroners in 2012.

The Premier added that, while last year’s GDP growth was at 6.4%, the Thai government is determined to maintain the growth rate at 4-5% over the long term while working hard to promote the country’s agricultural and industrial sectors.

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