Connect with us
CGIF-10th-Year-Anniversary

China

Thailand to deepen Economic cooperation with China

Thai News Agency reported that Thailand and China agreed to elevate their countries’ strategic partnership in all areas, particularly sustainable development

Avatar

Published

on

The governments of Thailand and the Peoples Republic of China on Tuesday agreed to upgrade their strategic cooperation in all aspects during an official visit to China by Thai Prime Minister Yingluck Shinawatra.

The Thai premier arrived in China Tuesday afternoon, as part of her three-day visit at the invitation of Chinese Premier Wen Jia Bao. She was greeted by an official welcoming ceremony at Peoples Pavillion.

The Thai premier then met with her Chinese counterpart, and both leaders witnessed the signing of agreements by officials of their countries.

Thai News Agency reported that Thailand and China agreed to elevate their countries’ strategic partnership in all areas, particularly sustainable development

Thai News Agency reported that they agreed to elevate their countries’ strategic partnership in all areas, particularly sustainable development in four fields including the provision of tablet computers for Thai elementary school students, cooperation in building a high speed railway,  water management and clean energy.

Both leaders also agreed to target development of Sino-Thai economic cooperation, including increasing trade by 20 per cent annually, raising investment by 15 per cent in the next five years and tourism by 20 per cent in the next five years.

The Thai premier invited Chinese investors to invest in the kingdom in natural rubber, auto parts, biofuel and wind energy, as well as proposing that both countries develop the ecotourism industry.

Ms Yingluck invited the Chinese premier to attend the World Economic Forum scheduled to be held in Bangkok May 30 through June1. The Thai prime minister is scheduled to attend a state welcome dinner hosted by the Chinese government tonight. MCOT online news

via Thailand, China agree to upgrade strategic partnership.

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 is 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.

Thai Chinese relations remain close and cordial and are moving forward rapidly and smoothlyin all key areas, including trade, investment, tourism, science and technology, health, educationand culture. Trade and investment, in particular, are the two areas that have seen the mostrapid expansion.

China is our 2nd largest trading partner, while Thailand is China’s 14thlargest. This makes China an important market for Thailand. At the same time, China is also animportant investment source for Thailand. Chinese investors regard Thailand as an attractive investment destination in many fields, including infrastructure, agricultural and alternative energy.

said Prime Minister Yingluck Shinawatra in her interview with the ChinaDaily.com
Thailand believes that the cooperation on patrol in the Mekong River by itself cannot bringabout sustainable safety and security for riverine traffic. All 4 participating nations must furthercooperate to address the root causes of the issue by ensuring the continuous enforcement ofrelevant laws in other areas, particularly on combating transnational crime on the Mekong Riversuch as the trafficking of narcotic drugs, weapons and humans, and illegal immigration. Areas adjacent to the banks of the Mekong River should be jointly developed by all sides in order toimprove living standards of the people in the area.

Guan Mu, China’s ambassador to Thailand, said earlier that Thailand plans to buy 800,000 computer tablets from China, according to The Nation, a Bangkok-based English-language daily newspaper.

Guan said both countries are discussing investments in several high-speed rail lines in Thailand.

“In the next 10 to 15 years, Thailand will have road and rail connectivity with neighboring countries. It will totally change the country and greatly benefit Thailand,” Guan was quoted as saying.

Yingluck thanked China for its help and support to Thailand in fighting floods, disaster relief and reconstruction.

China offered emergency humanitarian aid to Thailand during last year’s flood, which included $1 million in cash remittances and $1.57 million worth of relief materials, according to the Ministry of Commerce.

Thailand is ready to increase strategic communication with China and boost communication and cooperation in all areas, Yingluck said.

Thailand will complete judicial procedures concerning the killings of Chinese sailors on the Mekong River as soon as possible, and severely punish the criminals according to the law, she said.

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 13,453 other subscribers

Trending