Home / Knowledge / News / Thailand seeks doubling bilateral trade through FTA
Thailand seeks doubling bilateral trade through FTA
02
Sep '08
Thailand seeks to double bilateral trade with Bangladesh to $1 billion a year and has taken efforts for the same by proposing to sign a free-trade agreement and increasing investments over the next five years.

While addressing a seminar on 'Bangladesh-Thailand: Potentials from Partnership', held on the occasion of the 36th anniversary of Dhaka-Bangkok diplomatic relations, Charivat Santaputra, Thai Deputy Secretary noted that the two countries must strive to enhance cooperation for tapping both economic and political potential to boost bilateral trade.

“We should find as many non zero-sum opportunities as possible considering our respective comparative advantage,” said Santaputra who also emphasized that mutual understanding is the sine-qua-non for improving relations between the two nations.

Mr Santaputra also reiterated that though potentials for growth are galore, the two countries have failed to hit on the umpteen opportunities laid before them. He further opined that economies of the two countries demand increased cooperation in both regional and multilateral forums with special focus on developing relations with neighboring countries like Myanmar.

However, Mr M Touhid Hossain, Foreign Secretary of Bangladesh suggested that Thailand needs to be more liberal in granting special trade opportunities to the country so that the widening trade imbalance could be kept in check.

As of now, bilateral trade between the two countries stands at US $500 million and this includes a $3.5 million Thai investment made last year in Bangladesh, registering a growth of 9 percent compared to the previous year.

The two countries have further decided to embark on heavy investments in infrastructure and according to experts from both countries, if such cooperative measures are undertaken at regular intervals, achieving economic goals and other major socio-political objective would not be a Herculean task.

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search