Thai PM’s first official visit to Malaysia to boost trade ties
Thailand Prime Minister Paetongtarn Shinawatra is set to embark on her inaugural official visit to Malaysia, where she will co-chair the 7th Annual Consultation. The consultation will take place in Putrajaya, located just south of Kuala Lumpur, as confirmed by deputy government spokesperson Sasikarn Watthanachan.
Spanning two days, the visit will begin on Monday, December 16, marking Paetongtarn’s first official trip to the neighbouring country. During her stay, she will meet with Prime Minister Anwar Ibrahim, alongside whom she will lead the significant consultation. Accompanying her will be Secretary General Prommin Lertsuridej, who will support the shared vision of “Common Peace and Prosperity” between the two nations.
Aiming to foster closer ties, the 38 year old PM intends to focus on advancing cooperation across various sectors, with particular attention on infrastructure development. The promotion of trade and economic partnerships is also high on the agenda, with an ambitious goal of reaching US$30 billion (around 1 trillion baht) in bilateral trade by 2027.
The Thai delegation is composed of key ministers, including Transport Minister Suriya Jungrungreangkit, Interior Minister Anutin Charnvirakul, Foreign Affairs Minister Maris Sangiampongsa, Tourism and Sports Minister Sorawong Thienthong, Agriculture and Cooperatives Minister Narumon Pinyosinwat, and Culture Minister Sudawan Wangsuphakijkosol.
Thailand’s Ministry of Foreign Affairs has emphasised the importance of this visit, highlighting the role of Thai-Malaysian collaboration in achieving significant outcomes. Strengthening relationships at all levels is deemed essential for both countries.
During the visit, the two prime ministers will oversee the exchange of a Memorandum of Understanding (MoU) between the Malaysian Rubber Board and the Rubber Authority of Thailand. This MoU focuses on the development of the rubber industry and enhancing economic cooperation.
They will also preside over the signing of another government-to-government MoU, which aims to enhance cooperation in the fields of culture, arts, and heritage, reported Bangkok Post.
What Other Media Are Saying
- The Edge Malaysia reports Thailand’s Prime Minister Paetongtarn Shinawatra’s upcoming visit to Malaysia aims to enhance bilateral ties and boost trade to US$30 billion by 2027, reflecting strong regional collaboration. (read more)
- Bangkok Post highlights Thailand and Malaysia’s joint trade committee meeting aimed at boosting bilateral trade to $30 billion by 2027, with initiatives for cross-border collaboration and peace through economic partnerships. (read more)
Frequently Asked Questions
Here are some common questions asked about this news.
Why is infrastructure development a focal point in Thailand-Malaysia relations?
Infrastructure development can enhance connectivity, boost trade efficiency, and foster economic growth, aligning with the vision of shared prosperity between Thailand and Malaysia.
How could the MoU on the rubber industry impact the economies of Thailand and Malaysia?
The MoU may lead to technological advancements, increased production efficiency, and stronger market positions, benefiting both countries economically.
What if the trade goal of US$30 billion by 2027 is not met?
Failure to meet trade goals might necessitate policy adjustments, renewed diplomatic efforts, or alternative strategies to bolster economic ties.
How does cultural cooperation influence bilateral relations between nations?
Cultural cooperation fosters mutual understanding, strengthens diplomatic ties, and can enhance soft power and tourism between countries.
What potential challenges might arise in achieving ‘Common Peace and Prosperity’ for Thailand and Malaysia?
Challenges could include geopolitical tensions, economic disparities, or differing policy priorities that require diplomatic negotiation and compromise.
