snoop1130 Posted April 18, 2023 Share Posted April 18, 2023 BANGKOK (NNT) - The Thai Ministry of Commerce is taking urgent action to provide solutions for private sector challenges related to exports to China, as it seeks to expand Thai product shipments to the world’s second largest economy by at least 1%. The ministry recently hosted a meeting with representatives from seven foreign trade offices and other prominent Thai private sector companies in the Chinese city of Kunming in Yunnan Province in late March. The meeting focused on planning market expansion and investment opportunities in China, setting a target for exporting Thai products worth no less than US$34 billion, or generating revenue of over 1.2 trillion baht. The commerce ministry also gave instructions to its commercial attaches to intensify the promotion of Thai goods through modern trade platforms, expand the market, and promote Thai cuisine. The private sector was also encouraged to take advantage of increasing opportunities in Chinese markets, such as trade fairs. In addition, the ministry emphasized its strategy of supporting the private sector to help overcome trade obstacles in mainland China, especially during the upcoming harvest season for fruit products. It also urged the private sector to prepare for potential issues that could arise at border checkpoints. Furthermore, activities will be implemented to penetrate the halal product market in China. This would build on the success of the three limited free trade agreements (mini FTAs) that Thailand established in major Chinese cities such as Guangzhou and Chengdu. Full Story: https://thainews.prd.go.th/en/news/detail/TCATG230418102329943 -- © Copyright NNT 2023-04-18 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. The most versatile and flexible rental investment and holiday home solution in Thailand - click for more information. Link to comment Share on other sites More sharing options...
realfunster Posted April 18, 2023 Share Posted April 18, 2023 Good luck with that... Link to comment Share on other sites More sharing options...
hotchilli Posted April 18, 2023 Share Posted April 18, 2023 China strictly controls what goes in... if it's not in their interests don't expect to increase very much. They only buy what they need and what they cannot produce. Link to comment Share on other sites More sharing options...
Pique Dard Posted April 19, 2023 Share Posted April 19, 2023 13 hours ago, snoop1130 said: as it seeks to expand Thai product shipments to the world’s second largest economy by at least 1%. no wonder, the chinese yuan is reportedly stronger than the american dollar...at least for the time being Link to comment Share on other sites More sharing options...
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