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China, Thailand ink trade deal

China, Thailand ink trade deal

Thailand and China on Wednesday signed a comprehensive framework agreement to enhance trade and the economic partnership between the two nations. The cooperation agreement, effective immediately, covers
seven key areas: trade, investment, science and technology, digital, tourism, finance, and regional economic cooperation.

On trade, the two countries aim to double two-way trade to UScopy40 billion (4.6 trillion baht) by 2021 from $73.67 billion in 2017. Both countries have also pledged to support Thai entrepreneurs’ participation in the China International Import Expo every year and promote agricultural cooperation.