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

Courtesy: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Vikas Banduke

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eamonn Tighe
Nature Works LLC

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

October 2017

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
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

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
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

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
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

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
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


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