Govt suggests Thai entrepreneurs enter South Asian market

Govt suggests Thai entrepreneurs enter South Asian market

BANGKOK, 16 December 2016 (NNT) - The Federation of Thai Industries (FTI) and the Department of Trade Negotiations have organized a seminar to educate entrepreneurs about the South Asian market and advise them on trade privileges in the countries. 

At the seminar, Deputy Director-General of the Department of Trade Negotiations Siriphan Likhitwat pointed out the potential of South Asia—the region with a population of more than 1.7 billion people or one-fourth of the world’s population. The region’s economic growth in 2017 was expected to increase to 7.3% from 7.1% this year, said the official. She stated further that South Asia, especially India, had policy to support investment from Thailand. 

According to Ms. Siripham, India regards Thailand as the center of ASEAN and Thailand regards India as the center of South Asia. She suggested that there were great opportunities for Thai entrepreneurs to penetrate the South Asia market. 

Thailand and India has signed the Thai-Indian Free Trade Agreement (FTA) which has cut duties for 83 items such as canned seafood, jewelry, accessories and plastic resin. Thailand is negotiating the Thai-Pakistani and BIMSTEC FTAs.

 

-- nnt 2016-12-16