Thailand lures Chinese investors

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Thailand is to sell up to 5 million tonnes of rice to China

Thailand is seeking closer economic ties to the world’s second largest economy, China, it turned out during a two-day visit of Chinese Premier Wen Jiabao on November 20 and 21.

A meeting of Thai Prime Minister Yingluck Shinawatra with Jiabao followed a visit by US President Barack Obama in Bangkok a few days earlier where Yingluck expressed reluctance to join the US-proposed Trans-Pacific Partnership.

Instead, Thailand is trying to attract more Chinese investors and to intensify trade relationships. China is Thailand’s second-largest trading partner after Japan, while the US ranks third. The trade volume between China and Thailand hit $64.7 billion dollars in 2011.

China showed interest in buying Thai agricultural goods and expanding investment in Thailand, Yingluck said after a meeting with Jiabao on November 21. The two countries will sign a memorandum of understanding to sell rice to China after the Thai cabinet had approved a framework to sell up to 5 million tonnes of rice within 3 years to the country.

Yingluck also said China plans to expand its investment in Thailand by 15 per cent per year and is keen on opening a new airline route between the two countries to further boost tourism. She added that Thailand would also like to invite China to invest in Thailand’s high-speed train network project, water management and the Dawei deep-sea port project in Myanmar.

Thailand is interested in investing in the rubber and automotive industry in China and would like to become economic partner in important projects such as mass transportation, irrigation, agriculture and economic cooperation along the Mekong River.

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Reading Time: 2 minutes

Thailand is to sell up to 5 million tonnes of rice to China

Thailand is seeking closer economic ties to the world’s second largest economy, China, it turned out during a two-day visit of Chinese Premier Wen Jiabao on November 20 and 21.

Reading Time: 2 minutes

Thailand is to sell up to 5 million tonnes of rice to China

Thailand is seeking closer economic ties to the world’s second largest economy, China, it turned out during a two-day visit of Chinese Premier Wen Jiabao on November 20 and 21.

A meeting of Thai Prime Minister Yingluck Shinawatra with Jiabao followed a visit by US President Barack Obama in Bangkok a few days earlier where Yingluck expressed reluctance to join the US-proposed Trans-Pacific Partnership.

Instead, Thailand is trying to attract more Chinese investors and to intensify trade relationships. China is Thailand’s second-largest trading partner after Japan, while the US ranks third. The trade volume between China and Thailand hit $64.7 billion dollars in 2011.

China showed interest in buying Thai agricultural goods and expanding investment in Thailand, Yingluck said after a meeting with Jiabao on November 21. The two countries will sign a memorandum of understanding to sell rice to China after the Thai cabinet had approved a framework to sell up to 5 million tonnes of rice within 3 years to the country.

Yingluck also said China plans to expand its investment in Thailand by 15 per cent per year and is keen on opening a new airline route between the two countries to further boost tourism. She added that Thailand would also like to invite China to invest in Thailand’s high-speed train network project, water management and the Dawei deep-sea port project in Myanmar.

Thailand is interested in investing in the rubber and automotive industry in China and would like to become economic partner in important projects such as mass transportation, irrigation, agriculture and economic cooperation along the Mekong River.

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