China and Thailand investment and trade to be boosted
A four-day seminar kicks off in Bangkok, aimed at building business linkages and opening trade, investment and tourism opportunities between Thailand and China.
Around 400 Chinese investors will confer with their Thai counterparts in an attempt to boost investment of “no less than 20 billion Baht (589 million U.S. dollars) this year” between the two countries, local media reported Saturday.
The Chinese investors, of whom some 300 are outstanding members of business associations worldwide, will participate in a four-day meeting with Thai investors starting 26th July, which could lead to business synergy between the two groupings.
The bilateral trade between China and Thailand started 34 years ago as the trade volume between the two countries was valued at 36.0 billion U.S. dollars last year. In a related development, Thailand’s Board of Investment (BOI) secretary-general Atchaka Sriboonruang Brimble said over 200 Chinese businessmen participating in this Forum has already had investment plans.
Over the past five year on average the value of the Chinese investment projects applied for the BOI privileges stood at five billion baht (147.16 million U.S. dollars) per year. Chinese investors are keen to invest in plastic, processed foods, medical equipment, metals for construction and alternative energy.