Search Results for: bilateral trade
- Business News
China-Africa Expo to boost trade, explore emerging sectors
The upcoming third China-Africa Economic and Trade Expo, set to take place in Changsha from June 29 to July 2, is expected to further enhance economic and trade cooperation between China and Africa. The expo, which occurs every two years in Hunan Province, has gained significance as a platform under the Forum on China-Africa Cooperation framework. China currently holds the…
- World News
Malaysia and Indonesia resolve maritime disputes, boost bilateral ties
The relationship between Malaysia and Indonesia has reached a level of which both nations can be proud, according to Malaysian Prime Minister Anwar Ibrahim. He attributed this achievement to the close and familial ties between himself and Indonesian President Joko Widodo, as well as the rapport among government officials. These strong connections have led to the resolution of several long-standing…
- Business News
Thailand to ease yuan rules for trade amid rising US dollar volatility
Amid the increasing volatility of the US dollar in relation to other global currencies, regulators are considering loosening restrictions on the utilization of the yuan in yuan-baht trade transactions. The Bank of Thailand, in collaboration with Asian and ASEAN central banks, is actively working toward establishing frameworks for local currency settlements. This initiative aims to encourage the use of local…
- Business News
Thailand and UAE launch first free trade agreement
Thailand and the United Arab Emirates (UAE) revealed the launch of their first free trade agreement (FTA) on Tuesday. The FTA aims to create new opportunities for trade, services, and investment between the two nations, expecting to boost bilateral trade by 10% within the first year of implementation. Commerce Minister Jurin Laksanawisit and the UAE’s Minister of State for Foreign…
- Thailand News
Thailand and India strengthen relations, plans to work together on trade, tourism
After a break, Thailand and India plan to work together on trade, maritime activity, and tourism. In an interview with the Bangkok Post, India’s ambassador in Thailand said it was important to remember the overlaps between the two countries in culture, language, and religion. Earlier this month, the Indian embassy launched a competition for the best logo promoting bilateral relations…
- World News
Russian arms trader working closely supplying Burmese military
The head of a Russian state arms trader was attributed as saying that Russia is working closely with the Burmese military junta to supply military equipment. According to the Interfax news agency, the head of Rosoboronexport, the arms trader in question, spoke of the partnership between the military coup that overthrew the government in Myanmar on February 1 and the…
- Economy News
Thailand resume free trade talks with EU, reducing reliance on China
The European Union has restarted talks with Thailand about a potential free trade agreement. The talks started just days after unfreezing a deadlock put in place by the previous military junta. The resumption of talks comes as Thailand seeks to diversify its economy and reduce reliance on China, which accounted for 14% of the its total foreign direct investment in 2018.…
- Politics News
Thailand and EU prepare for signing of a strategic trade partnership
Thailand and the European Union are ready to sign a draft Strategic Partnership and Cooperation Agreement to promote bilateral trade and investment in the future. Federica Mogherini, an EU Representative for Foreign Affairs and Security Policy, and vice chairwoman of the European Commission, met today with PM Prayut Chan-o-cha during her visit to Thailand to attend the ASEAN Plus Foreign…
- World News
US-China trade tensions reverberate around the world
New global diplomatic and economic fault lines are appearing, with new and untested consequences emerging. ‘Volatile’ does’t even start to describe the current situation. US President Donald Trump’s combative stance, made clear with a new round of import tariffs imposed, continues to upend decades of trade diplomacy and cautious negotiations as he tries to coax China to change their trading…
- World News
Vietnam and Thailand head toward $20 billion in two-way trade
FILE PHOTO Việtnam and Thailand are poised to reap the benefits of a US$20 billion two-way trade deal by 2020. A meeting of the Joint Committee on Bilateral Cooperation wrapped up in Thailand yesterday. The two-day meeting was co-chaired by Vietnamese Deputy PM and Foreign Minister Phạm Bình Minh together with the Thai Foreign Minister Don Pramudwinai. The two sides agreed…
- Thailand video news
Thailand Video News | Apple ad backlash sparks boycott threat in Thailand, Steel plate injures woman on expressway
In this Thailand video news, Alex covered the news stories from across Thailand and Southeast Asia countries. The stories include Apple facing backlash and a potential boycott over an advertisement, while a woman was injured by a steel plate on an expressway. Authorities cracked down on a shop selling untaxed cigarettes and vapes, and the Bhumjaithai Party now dominates the…
- Thailand News
China supports Thailand in combating dubious businesses
Chinese Ambassador Han Zhiqiang reaffirmed Beijing’s commitment to supporting Thailand in cracking down on dubious Chinese businesses, while also aiming to enhance bilateral trade and relations. Han made these comments during a seminar held on Tuesday, July 23, to commemorate the 49th anniversary of diplomatic ties between China and Thailand. A recent incident involving a Chinese-language billboard in Bangkok’s Huai…
- Thailand News
Singapore’s food for thought: Official keen on Thai collaboration
In a significant step towards ensuring food security, a high-ranking Singapore official expressed a keen interest in collaboration with Thailand. This landmark meeting promises to reshape the agricultural landscape for both nations. Permanent Secretary of Singapore’s Ministry of Sustainability and Environment Stanley Loh held talks with Prayoon Insakul, Permanent Secretary of Thailand’s Agriculture Ministry, on Tuesday, July 2. The meeting…
- Thailand News
Malaysia and China join forces on billion-dollar rail project
China’s plans to extend the East Coast Rail Link (ECRL) into Thailand are set to transform Southeast Asian trade. Chinese Premier Li Qiang announced the initiative during his visit to Malaysia yesterday. The US$10 billion (approximately 366 billion baht) ECRL, a key project of China’s Belt and Road Initiative, aims to connect Malaysia’s east and west coasts by 2026. Initially…
- Thailand video news
Thailand Video News | Seafood restaurant owner’s son surrenders after fatal shooting, mushroom curry poisoning in Yasothon kills one
ln today’s edition of Thailand Video News, Alex talks about a seafood restaurant owner’s son who has turned himself in after shooting two employees. A mushroom curry in Yasothon has caused severe food poisoning, killing one, and Syn Man Kong Insurance Public Company has lost a 40 billion baht lawsuit. Monkeys in Lopburi have escaped their enclosure and wrought havoc…
- Business News
Chinese investors show strong interest in Thailand at RCEP-tion
Chinese investors eagerly engaged with Thailand’s business landscape at a recent matchmaking event held under the Regional Comprehensive Economic Partnership (RCEP) agreement. Marking its debut in Thailand, the event seeks to draw interest towards emerging S-curve industries and facilitate the transfer of technology from China. At the helm of the 1st RCEP Business Opportunities Matchmaking Conference (China-Thailand) was Commerce Minister…
- Thailand News
Elderly Thai man’s x-ray reveals 42 bullets from Vietnam War (video)
An elderly Thai man’s chest x-ray displaying 42 bullets lodged in his lung for 40 years dramatically reveals his survival from a near-fatal error during the Vietnam War. The x-ray, uploaded to TikTok by user @chanakan355 showcases the shrapnel-filled lungs of a man who was mistakenly shot and has lived with the remnants of the war inside him for four…
- Thailand News
Thailand and Vietnam strategic partnership for mutual growth
Thailand and Vietnam have forged a Comprehensive Strategic Partnership, a relationship focusing on meeting bilateral trade objectives, implementing sustainable development plans, strengthening political-diplomatic and defence security collaboration, and enhancing benefits in people-to-people areas. The announcement was made during the 5th Joint Commission on Thailand-Vietnam Bilateral Cooperation held in Bangkok, co-chaired by Thailand’s Foreign Minister, Parnpree Bahiddhanukara, and Vietnam’s Foreign Minister,…
- Thailand News
Korea aerospace industries proposes to sell FA50 light fighters to Royal Thai Air Force
Korea Aerospace Industries (KAI) has presented a proposal to the Royal Thai Air Force (RTAF), offering to sell its FA50 light fighters. The RTAF has earmarked 19 billion baht for the procurement of new fighter jets in the forthcoming fiscal year, as revealed by an insider from the Defence Ministry. The pitch was made by the CEO of KAI, Kang…
- Thailand News
Thai products flood Vietnam: Mini Thailand Week 2024
Hundreds of Thailand’s finest commodities are set to make waves in Vietnam as the third Mini Thailand Week 2024 kicks off in the seaside city of Ha Long. The event, part of Thailand’s strategic push to integrate its businesses into Vietnam’s booming economy, kicked off yesterday, March 28, at the Centre of Planning Fair and Exhibition in Ha Long, Quang…
- Thailand News
Boosting economic growth: Thailand-Hungary relationship
Hungary seeks to cultivate a stronger bilateral relationship with Thailand as part of the Central European country’s objective to achieve 4% economic growth in the current year, according to Péter Szijjártó, the country’s Minister of Foreign Affairs and Trade. Trade between Thailand and Hungary hit a new high last year, exceeding US$730 million (approximately 26 billion baht). Thailand made significant…
- Business News
Thai PM invites Aussie firms to invest in clean energy
During the 2024 ASEAN-Australia Special Summit, Srettha Thavisin, the Prime Minister of Thailand, extended an invitation to prominent Australian companies to invest in Thailand’s electric vehicle (EV) battery, clean energy, and transport logistics sectors. The summit, which marks five decades of Australia’s partnership with ASEAN, is being held in Melbourne, Australia. PM Srettha used this opportunity to meet with his…
- Thailand News
Thailand and Cambodia to discuss joint exploitation of hydrocarbon resources
Thailand and Cambodia consented to further dialogues concerning the mutual exploitation of the hydrocarbon resources in the Overlapping Claims Area (OCA), located in the Gulf of Thailand, a territory claimed by both nations. The matter was discussed during the recent meeting between Thai Prime Minister Srettha Thavisin and Cambodian leader Hun Manet, as they aimed to enhance cooperation for the…
- Thailand News
China and Thailand’s visa exemption scheme promises tourism boost
The Chinese ambassador to Thailand and the Thai-Chinese Cultural Relationship Council (TCCRC) have expressed optimism that the visa exemption scheme for nationals of both countries will boost outbound tourism and reinforce bilateral relations. Pinit Jarusombat, President of TCCRC, highlighted the special significance of this Chinese New Year as it signifies the onset of a new epoch in Sino-Thai relations. The…
- Thailand News
Thailand plans Philippines tie-up for 75th anniversary bash
Thailand’s Deputy Director General for East Asian Affairs Department of the Foreign Affairs Ministry is gearing up to boost social, cultural and economic ties with the Philippines to celebrate three quarters of a century of bilateral relations. Both Thailand and the Philippines outlined a series of initiatives, including high-level visits, business-to-business collaborations, cultural showcases, and community engagements, to mark 75…
- Thailand News
Thai coconuts take China by storm: How RCEP sparks culinary craze
Thai coconuts have become a sensation, captivating the taste buds of the vast Chinese market. Since the initiation of the Regional Comprehensive Economic Partnership (RCEP) in 2022, these delectable coconuts have found their way into an array of Chinese dishes, from cakes and coffee to hot pot extravaganzas. Two years on, the RCEP has not only transformed the economic landscape…
- Thailand News
Cambodian PM’s Thai-ties tour set for February 7
Cambodia Prime Minister Hun Manet is gearing up for a visit to Bangkok on February 7 to bolster bilateral ties between Cambodia and Thailand, as revealed by a well-placed diplomatic source. The diplomatic meeting will focus on an array of crucial topics to elevate the partnership between the two nations. Topping the discussion agenda is the cross-border trade, a joint crackdown…
- Thailand News
Thailand and Malaysia join forces to boost economy
Thailand and Malaysia have forged an alliance to supercharge development in the southern Thai region and the northern Malaysian peninsula. Prime Minister Anwar Ibrahim reveals this game-changing commitment after a late-night summit with Thai counterpart Srettha Thavisin in Phuket. Anwar took to Facebook to reveal the details. “A special joint committee at the highest level between the two countries will…
- Thailand News
Thailand and Vietnam set for a strategic partnership
In a diplomatic move, Thailand Prime Minister Srettha Thavisin declared the intention to elevate ties with Vietnam to a comprehensive strategic partnership (CSP). During bilateral talks with Vietnamese National Assembly Chairman Vuong Dinh Hue, the 61 year old Thai PM expressed optimism about the lightning-fast progress in their relations. He highlighted the effectiveness of collaboration across various sectors. Thailand and…
- Thailand News
Thailand invites Russian President Putin for official visit amidst global isolation
Prime Minister Srettha Thavisin extended an invitation for an official visit to Russian President Vladimir Putin during the next year, during his recent visit to Beijing. This invitation emerges amidst Putin’s global isolation due to Russia’s conflict with Ukraine which kicked off in February last year. Furthermore, the International Criminal Court has issued an arrest warrant against Putin over accusations…
