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

ITC, ICS tie up to help Moroccan textile value chain

Textiles | On 21st Apr 2018

ITC, ICS tie up to help Moroccan textile value chain

The International Trade Centre (ITC) has partnered with ICS, which...

Bangladesh garment manufacturers call for fair pricing

Apparel/Garments | On 21st Apr 2018

Bangladesh garment manufacturers call for fair pricing

Bangladesh garment manufacturers want a ‘commensurate adjustment’ by...

Pak ministry proposes extension to PM package for 2018-19

Textiles | On 21st Apr 2018

Pak ministry proposes extension to PM package for 2018-19

Pakistani textile ministry has reportedly proposed extending the...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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