Thai – Chinese trade grows constantly

NONTHABURI, Nov 4 (TNA) – China’s New Silk Road policy supports trade and investment between Thailand and China to grow constantly, said Wu Zhi Yi, President of the Asian – International Trade and Investment Association. China’s One Belt One Road initiative, good relations between the two countries have benefited bilateral trade and investment. Chinese investors view Thailand as the center of ASEAN countries, the president said. In the first seven months of this year, Thailand and China’s trade and investment was valued at over US$36 billion year-on-year. In 2015, trade value stood at US$67 billion. From January to July 2016, Thailand recorded 55 investment projects of China’s state enterprises and private sector. Chinese investment in agricultural Industry and high technology in particular was worth over Bt120 billion, higher than the same period of last year. In tourism sector, Chinese tourist arrivals in Thailand grew continuously with 6.97 million Chinese tourists in the first nine month of this year. Last year, Thailand welcomed 8.32 million Chinese tourists. To promote trade between the two countries, the association is organizing the 6th ASEAN (BANGKOK) China Import & Export Commodities Fair at Impact Muang Thong Thani from Nov 4-6. Over 300 Thai and Chinese companies showcase high quality consumers products. It is expected that trade in the fair is likely to reach US$ 500 million during the event. (TNA)