Thailand, Maldives sign trade deal

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Thailand’s Prime Minister Yingluck Shinawatra and Maldives President Mohammed Waheed Hassan at a joint press conference on June 1 in Male.

Thailand’s Prime Minister Yingluck Shinawatra during her state visit to the Maldives has signed a trade deal with the island nation that aims to double trade between the two countries by 2018.

Shinawatra led a Thai business delegation on the first trip by a Thai leader to the Maldives since 34 years. Thai companies have exporessed interest in possible cooperation and investments in tourism, hospitality and infrastructure development sectors.

Bilateral trade between Thailand and the Maldives in 2012 stood at $109 million, up 0.4 per cent from 2011, according to official Thai figures. Thailand’s exports were $73 million and its imports $36.16 million. Thailand is one of the largest trade partners of the Maldives behind India, with around 30 per cent of the Maldives’ exports going to the Kingdom.

Exports from the Maldives are mainly fish, fish products and petroleum gases. Main imports are oil, consumer good, food and electrical/electronic devices.

The Thai premier also proposed a three-year strategy on economic cooperation involving sustainable agriculture and public health.

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Reading Time: 1 minute

Thailand’s Prime Minister Yingluck Shinawatra and Maldives President Mohammed Waheed Hassan at a joint press conference on June 1 in Male.

Thailand’s Prime Minister Yingluck Shinawatra during her state visit to the Maldives has signed a trade deal with the island nation that aims to double trade between the two countries by 2018.

Reading Time: 1 minute

Shinawatra_Maldives
Thailand’s Prime Minister Yingluck Shinawatra and Maldives President Mohammed Waheed Hassan at a joint press conference on June 1 in Male.

Thailand’s Prime Minister Yingluck Shinawatra during her state visit to the Maldives has signed a trade deal with the island nation that aims to double trade between the two countries by 2018.

Shinawatra led a Thai business delegation on the first trip by a Thai leader to the Maldives since 34 years. Thai companies have exporessed interest in possible cooperation and investments in tourism, hospitality and infrastructure development sectors.

Bilateral trade between Thailand and the Maldives in 2012 stood at $109 million, up 0.4 per cent from 2011, according to official Thai figures. Thailand’s exports were $73 million and its imports $36.16 million. Thailand is one of the largest trade partners of the Maldives behind India, with around 30 per cent of the Maldives’ exports going to the Kingdom.

Exports from the Maldives are mainly fish, fish products and petroleum gases. Main imports are oil, consumer good, food and electrical/electronic devices.

The Thai premier also proposed a three-year strategy on economic cooperation involving sustainable agriculture and public health.

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