Philippines, Thailand boost ties with new agreements

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Surapong Tovichakchaiku
Thailand’s foreign minister Surapong Tovichakchaiku (center) meets Philippine president Benigni Aquino III (right).

The Philippines and Thailand on June 21 signed three cooperation agreements aimed at boosting economic ties between the two Southeast Asian countries.

Philippine Foreign Secretary Albert del Rosario and Thai counterpart Foreign Minister Surapong Tovichakchaikul, who was on an official visit to Manila to attend the two nations’ Joint Commission for Bilateral Cooperation, signed agreements on taxation, trade and energy.

In detail, a Convention between the Philippines and Thailand for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income was signed.

Another agreement was the Joint Statement for the Establishment of an Energy Forum, and the third one the Memorandum of Understanding (MoU) on the Cooperation between Thailand-Philippines and the Philippines-Thailand Business Councils.

The MOU would promote cooperation and develop collaboration on trade and investment between Philippine and Thai companies, the officials said.

Other topics discussed were trade and investment, technical cooperation, education, tourism, and transportation, law enforcement and legal cooperation, defence and labour.

The two ministers likewise exchanged views on regional and international issues including disputes in the South China Sea, amid heightened territorial conflicts involving Association of South East Asian Nations’ four members – Philippines, Vietnam, Brunei and Malaysia – and neighbouring China over the resource-rich waters, of which Taiwan is also a claimant.

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Reading Time: 1 minute

Thailand’s foreign minister Surapong Tovichakchaiku (center) meets Philippine president Benigni Aquino III (right).

The Philippines and Thailand on June 21 signed three cooperation agreements aimed at boosting economic ties between the two Southeast Asian countries.

Reading Time: 1 minute

Surapong Tovichakchaiku
Thailand’s foreign minister Surapong Tovichakchaiku (center) meets Philippine president Benigni Aquino III (right).

The Philippines and Thailand on June 21 signed three cooperation agreements aimed at boosting economic ties between the two Southeast Asian countries.

Philippine Foreign Secretary Albert del Rosario and Thai counterpart Foreign Minister Surapong Tovichakchaikul, who was on an official visit to Manila to attend the two nations’ Joint Commission for Bilateral Cooperation, signed agreements on taxation, trade and energy.

In detail, a Convention between the Philippines and Thailand for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income was signed.

Another agreement was the Joint Statement for the Establishment of an Energy Forum, and the third one the Memorandum of Understanding (MoU) on the Cooperation between Thailand-Philippines and the Philippines-Thailand Business Councils.

The MOU would promote cooperation and develop collaboration on trade and investment between Philippine and Thai companies, the officials said.

Other topics discussed were trade and investment, technical cooperation, education, tourism, and transportation, law enforcement and legal cooperation, defence and labour.

The two ministers likewise exchanged views on regional and international issues including disputes in the South China Sea, amid heightened territorial conflicts involving Association of South East Asian Nations’ four members – Philippines, Vietnam, Brunei and Malaysia – and neighbouring China over the resource-rich waters, of which Taiwan is also a claimant.

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