Philippines and Thailand agree to increase trade ties
The Philippines and Thailand have agreed to strengthen bilateral ties, with leaders of both countries vowing to increase trade, investment and political cooperation.
President Gloria Macapagal-Arroyo and visiting Thai Prime Minister Abhisit Vejjajiva made such commitments during a 40-minute bilateral meeting at Bahay Pangarap at the compound of the Presidential Security Group on Friday.
Philippines, for its part, is seeking greater access for Thai fruits and poultry products, Mr. Remonde said, adding President Arroyo had suggested establishing a mutual pest risk analysis system to allow freer exchange of agricultural products.
The two leaders also agreed to activate the joint trade commission between the Philippines and Thailand. Other issues discussed were the nuclearization of North Korea and Thailand’s request for the Philippines to support its bid in the UN Security Council, reactivation of the DOHA round of talks; and climate change.
This is Mr.Abhisit’s first visit to the Philippines since he was elected prime minister in 2008. Thailand and the Philippines recently celebrated 60 years of diplomatic relations in June. Government data showed trade between the two countries amounted to about $5.78 billion from $5.16 billion in 2007.