Thailand and Bangladesh agree to boost trade value in 2016

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Thailand and Bangladesh agree to boost trade value in 2016

BANGKOK, 03 November 2015 (NNT) - The Commerce Minister and her Bangladeshi counterpart have met to bolster trade between the two countries.

Thai Commerce Minister Apiradi Tantraporn revealed that her talks with Bangladeshi Commerce Minister Tofail Ahmed were aimed at increasing bilateral trade value. The two ministers agreed to a bilateral trade target of 1.7 billion US dollars, or 60.4 billion baht in 2016.

To this end, Bangladesh will host the fourth Thai – Bangladesh Joint Trade Committee at the beginning of next year, while Thai private companies will organize a Thai goods and business fair.

The two countries are also in negotiations to extend the government-to-government deal for Bangladesh to import Thai sticky rice, which is due to expire on February 28, 2016. The deal may be extended by three years, as well as expanded to include other Thai rice products such as jasmine rice, brown rice, and Sangyod rice.

Bangladesh is one of several countries in South Asia, a large regional market with growth potential for Thai exports. The South Asian nation is also a strategic gateway to developed countries, given that Bangladesh, as a developing country, is afforded more lenient tariffs.


-- NNT 2015-11-03

[canopus1969]

I for one hope Bangladesh sends over a few of their chefs as they cook the best of the Indian curries

[Srikcir]

The two ministers agreed to a bilateral trade target of 1.7 billion US dollar in 2016.

Meanwhile Bangladesh and India have also signed a trade deal that will boost India's trade with Bangladesh to 10 billion US dollar by 2018. It's called competition and Thailand doesn't have any unique relationship with Bangladesh that would reduce India's exports to Bangladesh to benefit Thailand exports.

[This Thing of Darkness]

The two ministers agreed to a bilateral trade target of 1.7 billion US dollar in 2016.

Meanwhile Bangladesh and India have also signed a trade deal that will boost India's trade with Bangladesh to 10 billion US dollar by 2018. It's called competition and Thailand doesn't have any unique relationship with Bangladesh that would reduce India's exports to Bangladesh to benefit Thailand exports.

Bangladesh has plenty of water