South Korea urged to import more Thai products

[webfact]

South Korea urged to import more Thai products

 

   

BANGKOK(NNT)-Deputy Prime Minister and Commerce Minister, Jurin Laksanawisit, has met with South Korea’s Trade, Industry and Energy Minister, Yoo Myung-hee, to enhance bilateral economic ties, while urging the East Asian nation to increase its import of goods including sugar, rubber, mangos and mangosteen at the same time as providing online sales space for Thai goods on popular South Korean platforms.

 

Mr. Jurin reported that he engaged in a teleconference with his South Korean counterpart, discussing global economic and trading circumstances and the effects of COVID-19. He said they agreed to tighten ties between their nations and that he used the opportunity to ask the minister to aid in promoting Thai products from sugar to processed chicken and shrimp. He also asked that Thai products be placed on popular platforms including Coupang, Naver and WeMakePrice.

 

The two ministers agreed to push for a Regional Comprehensive Economic Partnership (RCEP) to be concluded this year as targeted, so that it may come into effect in the near future and embolden businesses in Asia as well as lift them out of the COVID-19 environment.

 

-- © Copyright NNT 2020-09-07

 

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[RichardColeman]

36 minutes ago, webfact said:

while urging the East Asian nation to increase its import of goods including sugar, rubber, mangos and mangosteen at the same time

Doesn't exactly promote Thailand as a hub of Technology does it

[yellowboat]

2 hours ago, webfact said:

...to enhance bilateral economic ties, while urging the East Asian nation to increase its import of goods...

Put the old hand out.  And what does Korea get?

[RotBenz8888]

4 minutes ago, yellowboat said:

Put the old hand out.  And what does Korea get?

Free tourist visa? 

[hotchilli]

1 hour ago, yellowboat said:

Put the old hand out.  And what does Korea get?

A luxury tax.

[chilli42]

So let me get this straight.  Jurin calls up the Korean Trade and Energy minister and asks him to do the all work for the government and Thai exporters.  Then offers him nothing in return.  You can't be serious.  Even in the parallel universe of Thailand this can't really have happened like this.

[Misterwhisper]

And not one word that Thailand is going to import more South Korean goods in reciprocation. Typical.

[pegman]

No worries, once the COVID has been dealt with Thailand can go back to exporting young ladies with special services. 

[Bender Rodriguez]

and does it work, force other countries, or they know you have to grease the wheels ?

 

and what will thailand import in exchange ?

[Xonax]

When Europe and US asked Thailand to buy more products and get rid of the luxury tax, they didnt care to listen

[tomazbodner]

Korea imports plenty of Thai "little ghosts" already...

[Misterwhisper]

12 minutes ago, Xonax said:

When Europe and US asked Thailand to buy more products and get rid of the luxury tax, they didnt care to listen

Exactly, Xonax. With Thailand it always is a one-way street.

 

Just imagine the EU slapped a 60 - 80% import tax tariff PLUS a 120% (or even higher) "luxury goods" tax on Thai fruit, prawns or other produce like they do with many European products such as wine, spirits, cheese, etc. etc.

 

And then hear the Thais whine and wail how unfair it all is.

 

There is a good reason why Thailand consistently clocks up a very healthy trade surplus. And there also is a reason why simple run-of-the-mill table wine that retails in Europe at 4.99 euros a bottle sets you back a not so shabby 30 euros in Thailand -- and it's NOT due to the shipping cost.    

[Grumpy John]

5 hours ago, yellowboat said:

Put the old hand out.  And what does Korea get?

A Sch1te sandwich more than likely!

[DrTuner]

How about making products people want to buy instead of all the urges.

[pegman]

The export and domestic economy of Thailand was ruined by the junta prior to COVID. A major devaluation of the ฿ will be required for that to change. With the curren, let them eat cake, lot in charge don't expect that to happen  anytime soon.

[Redline]

19 hours ago, webfact said:

as well as lift them out of the COVID-19 environment.

So Thailand will lift South Korea ????

[jabis]

9 hours ago, DrTuner said:

How about making products people want to buy instead of all the urges.

I think most "urged" stuff's fallen under closed borders  

[Mung]

18 hours ago, yellowboat said:

Put the old hand out.  And what does Korea get?

More of the Ghost women who seem to love the life over there 

[ChakaKhan]

18 hours ago, RotBenz8888 said:

Free tourist visa? 

Free mama cup.......must buy a case to be eligible.........applies to free massage promo as well...for "free" 30

[Soikhaonoiken]

Weaken the Baht, then maybe Thailand exports might increase, Thailands goods/services are far to expensive. 

[overherebc]

19 hours ago, Misterwhisper said:

Exactly, Xonax. With Thailand it always is a one-way street.

 

Just imagine the EU slapped a 60 - 80% import tax tariff PLUS a 120% (or even higher) "luxury goods" tax on Thai fruit, prawns or other produce like they do with many European products such as wine, spirits, cheese, etc. etc.

 

And then hear the Thais whine and wail how unfair it all is.

 

There is a good reason why Thailand consistently clocks up a very healthy trade surplus. And there also is a reason why simple run-of-the-mill table wine that retails in Europe at 4.99 euros a bottle sets you back a not so shabby 30 euros in Thailand -- and it's NOT due to the shipping cost.    

Got to look at the bigger picture.

If you had good wine at EU/UK prices agriculture production would fall because all the rice farmers would start to have wine tasting evenings/weekends and neglect the rice harvests etc.

????