Thailand steps up trade ties with China via mini FTAs with provinces

Thailand has sought expansion of the Thai-Hainan mini FTA, with success seen in negotiations over the sales of goods and joint training sessions for business operators from Thailand and Hainan, he noted.

This resulted in the bilateral trade value rising by 91.9 per cent last year to 18.2 billion baht ($527 million), he said.

The country plans to expand trade with more places in China, including Shenzhen and Yunnan provinces, through such mini FTAs in future, he was quoted as saying by a Chinese state-owned media outlet.

China was the largest trading partner of Thailand last year, with a bilateral trade value reaching 3.69 trillion baht ($107 billion), which accounted for about 18 per cent of Thailand's total foreign trade volume, he added.

The three-day World Chinese Entrepreneurs Convention will start in Bangkok on June 24.

Fibre2Fashion News Desk (DS)