Chinese Premier Li to ink 5 deals

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THAI-SINO RELATIONS
Chinese Premier Li to ink 5 deals
The Nation

Arrives Friday on busy visit; agreements cover project payments, education, energy, as well as technological exchange and long-term relations

BANGKOK: -- Chinese Premier Li Keqiang's schedule for his official visit to Thailand from Friday to Sunday is a tight one, including meetings with influential figures as well as the signing of five memorandums of understanding with Thai officials.

The MoUs include an agreement for Thailand to pay for Chinese-invested domestic development projects partly in farm products.

During his visit, Li will be granted an audience with Her Royal Highness Crown Princess Maha Chakri Sirindhorn and will call on Privy Council President Prem Tinsulanonda.

The four other MoUs, approved by the Cabinet yesterday, cover energy cooperation; collaboration on education; technology exchange; and long-term development plans for Thai-Chinese relations, a Government House source said yesterday.

This is Li's first official visit to Thailand since he was elected premier by China's 12th National People's Congress on March 15. He is the seventh holder of this position, which was created in 1949 with Zhou Enlai as the first premier.

Upon his arrival on Friday, Li will meet with the Parliament president/House speaker and the Senate speaker at 3.30pm, when he will also deliver a speech. He will join Prime Minister Yingluck Shinawatra at Government House at 5pm, and ink the five MoUs. A press conference on the MoUs will follow at 6.15pm.

On Saturday, a grand exhibition on the high-speed train project will open at the Queen Sirikit National Convention Centre at 9am, with Yingluck and Li jointly presiding. The Chinese premier will visit the princess at her Sa Pathum Palace at 11am, then Prem at the Privy Council residence.

He will gather with Chinese expatriates at the Thai-Chinese Chamber of Commerce office on South Sathorn Rd at 11.30am, then tour the Grand Palace at 3pm, before flying to Chiang Mai at 4.30pm to see the pandas at the local zoo, before spending the night at a hotel.

On Sunday, Li will observe a Thai-Chinese bilingual private school and an exhibition centre showcasing One Tambon One Product goods, before flying to Vietnam.

The education MoU will involve the education ministries of both countries, and the technology exchange will feature four projects involving the science ministries of both countries.

Last Sunday in Bali, where the Asia-Pacific Economic Cooperation Summit was held, Thailand and China agreed to boost bilateral trade to US$100 billion (Bt3.13 trillion at current rates) by 2015.

Yingluck held talks with Chinese President Xi Jinping on the sidelines of the Apec Summit, which kicked off a day earlier on the Indonesian resort island of Bali.

Yingluck reassured the Chinese leader that Thailand was determined to forge ahead with joint projects such as the development of a high-speed train system, alternative energy, education and human-resource development, and water management.

Xi said Thailand had been China's partner in rural development and new cooperation would be explored, while the bilateral relationship would be enhanced.

On infrastructure development in Thailand, the Chinese president proposed setting up a bank for infrastructure investment in Asia to promote connected and successive economic development in the region.


-- The Nation 2013-10-09

[mayday49]

I smell Rat ... The yellow Peril will insist on keeping their money in their Banks and are willing to further insert their influence into Thai economic mechanisms that include the Thai SET , Bank of Thailand , Bond Products .....

[slapout]

The PM might ask for some assistance in delivery and quality control of Chinese tablets from the Premier, as well as aussurance that Chinese companies will abide by the terms of contract and support for transparency for any future consideration on techinal tenders and product bidding/delivery.

Or she could just accept that the Chinese are going to come out on top of any commercial venture and sign a MOU which specifies the % of tea money, refunded back to Thailand, the avenue of such payment and the type currency to be involved.

[ratcatcher]

The PM might ask for some assistance in delivery and quality control of Chinese tablets from the Premier, as well as aussurance that Chinese companies will abide by the terms of contract and support for transparency for any future consideration on techinal tenders and product bidding/delivery.

Or she could just accept that the Chinese are going to come out on top of any commercial venture and sign a MOU which specifies the % of tea money, refunded back to Thailand, the avenue of such payment and the type currency to be involved.

I am sure P.M. Yingluck and her cabinet are well aware of Chinese business methods as many of the members are Thai Chinese including her good self and they have used similar methods with other foreign investors.

After all it takes one to know one.

[Baerboxer]

Set up a bank for infrastructure development in Asia? Guess they don't like the Asia Development Bank then.

[pbfisher]

I smell Rat ... The yellow Peril will insist on keeping their money in their Banks and are willing to further insert their influence into Thai economic mechanisms that include the Thai SET , Bank of Thailand , Bond Products .....

"the yellow peril"! Seriously, do people still talk like that?

[HUAHIN62]

At least they have money, they don't need to fight each other to decide if they can create more debt to pay for their water and lights. Interesting to note that the worst it goes in the west the more the Chinese are talked down.

[Bkungbank]

Hope Mr. Li will removed visa to China like India and Japan does recently.

It's very trouble to show air ticket, hotel booking and bad staff service in China Embassy