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Thailand discusses with the president of Guangxi Zhuang Administrative Region. Expanding product exports to the Chinese market

Bhumibol Adulyadej" discusses with the president of Guangxi Zhuang Autonomous Region. Move forward with cooperation to promote the next CAEXPO event and join hands to take advantage of the ILSTC trade corridor, taking advantage of convenient transporta...

Bhumibol Adulyadej” discusses with the president of Guangxi Zhuang Autonomous Region. Move forward with cooperation to promote the next CAEXPO event and join hands to take advantage of the ILSTC trade corridor, taking advantage of convenient transportation systems on land, water, and air to expand the export of Thai products into the Chinese market.

Mr. Phumtham Wechayachai, Deputy Prime Minister and Minister of Commerce Revealed after discussions with Mr. Lan Tianli, Chairman of the Guangxi Zhuang Autonomous Region. That there has been discussion on cooperation in promoting the next China-ASEAN Expo (CAEXPO), with the Ministry of Commerce willing to support the CAEXPO trade show and parallel activities. Including publicizing and inviting Thai entrepreneurs and related agencies to participate in activities in the coming years.

They also discussed the utilization of the New International Land-Sea Trade Corridor (ILSTC) in Guangxi Zhuang Region. The location is an advantage. It has a land and sea border with Vietnam. and has a complete transportation system on land, water and air. Thailand is ready to take advantage of the transportation system. To expand the export of Thai products and Thai fruits into the Chinese market. And thank you to the Chinese government and Guangxi Zhuang Autonomous Region. Facilitate the transport of goods in Thailand especially fruit and other goods passing through the Youyiguan border crossing. Because of the results of past cooperation This allows Thailand to export more fruits into the Chinese market, more conveniently, and for Chinese consumers. Benefits from consuming fresh fruits From convenient and fast transportation

However, the two sides also discussed promoting cooperation in opening up the regional economic system. both in depth and in breadth To lead to sustainable development together Including conciseness Cooperate in trade and investment Logistics development Linking Guangxi Zhuang with Industrial Estate Authority of Thailand BOI for investment cooperation and informed that recently the Thai government has approved free visas for Chinese tourists. which will help facilitate Convenience for Chinese tourists traveling to Thailand and will help revive the tourism business of both countries. This will have a positive effect on trade and investment of both countries as well.

In terms of the value of Thai-Chinese trade, China has been Thailand’s No. 1 important trading partner for 11 consecutive years since 2013. Currently, by 2022, Thailand will export 1.19 trillion baht to China in 2023 (Jan.-July). Thailand exported 695,516 million baht to China, important export products such as fruits, rubber products, cassava products, plastic pellets, computers, important imported products. electrical machinery Machinery, chemicals, electrical appliances, computers. As for the trade value of Thailand – Guangxi Zhuang Autonomous Region in 2022, the total trade value is 30,680 million yuan (153,400 million baht). Thailand exports worth 15,000 million yuan (75,000 million baht), accounting for the proportion. 6.3% of Thai exports to China The Guangxi Zhuang Autonomous Region is equivalent to a province and has 14 cities, with Nan City being the capital. China has designated it as the gateway to ASEAN as well.

Source: Thai News Agency