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Thailand – China trade to increase to US$100bn by 2015

Thai Prime Minister Yingluck Shinawatra held talks with Chinese President Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation APEC Summit 2013

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Thai Prime Minister Yingluck Shinawatra held talks with Chinese President Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation APEC Summit 2013 which kicked off yesterday on the Indonesian resort island of Bali.

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Thailand and China have agreed to boost bilateral trade to a total value of US$100 billion by the end of 2015

Bali Summit Apec 2013

Thai Prime Minister Yingluck Shinawatra held talks with Chinese President Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation APEC Summit 2013

Ms Yingluck reassured the Chinese leader that Thailand was determined to forge ahead with joint projects agreed earlier between the two countries, such as development of a high speed train project, alternative energy, education and human resource development, and water management.

Mr Xi Jinping said Thailand has been China’s partner in rural development and new cooperation would be explored while bilateral relationship would be enhanced. On infrastructure development in Thailand, the Chinese president proposed setting up a bank for infrastructure investment in Asia to promote connected and successive economic development in the region. Ms Yingluck reportedly threw her support to the proposal. MCOT online news

via Sino-Thai trade projected to increase to US$100bn in 2015 | MCOT.net | MCOT.net.

Trade

Thailand to increase rice exports to 6 million tons this year

National News Bureau of Thailand

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BANGKOK (NNT) – The Commerce Ministry has launched measures to increase rice exports to 6 million tons this year, valued at around 150 billion baht, with Indonesia, China, Bangladesh and Iraq set to be the main markets under government-to-government (G2G) deals.

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Singapore

UK exporters’ use of Singapore as ASEAN’s supply chain gateway boosted by new bilateral trade agreement

Singapore’s role as a hub for UK companies, whether as exporters or investors accessing Southeast Asia’s and broader Asian dynamic economies, was elevated by the new UK-Singapore trade agreement (UKSTA) which came into effect on 1st January 2021.

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UK exporters’ use of Singapore as ASEAN’s supply chain gateway boosted by new bilateral trade agreement

There was much controversy, before and after the United Kingdom’s (UK) Brexit from the European Union (EU), in talk of it adopting a free trade and manufacturing model similar to Singapore’s.

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Economics

Cross-border trade is expected to grow up to 3-6%

National News Bureau of Thailand

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BANGKOK (NNT) – Thailand’s cross-border trade is expected to recover to growth of 3-6% this year, helped by COVID-19 vaccine distribution and the global economic recovery.

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Foreign Trade Department Director-General Keerati Rushchano said cross-border trade, which includes transit trade, is likely to generate 1.36 to 1.40 trillion baht, up from 1.31 trillion baht in 2020.

According to Mr Keerati, the key risk factor that may derail border trade growth is the political chaos in Myanmar that will weaken purchasing power there and cause a delay in goods transport.

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