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Thailand, China target 120-billion-USD trade value in 2020

Thailand and China are planning to raise two-way trade from the current level of 60 billion USD to 120 billion USD in 2020.
Thailand, China target 120-billion-USD trade value in 2020 ảnh 1Thailand's Deputy Prime Minister Somkid. (Photo: www.asiantribune.com)

Bangkok (VNA) – Thailand andChina are planning to raise two-way trade from the current level of 60 billionUSD to 120 billion USD in 2020.

The target was set at a meeting of the Thailand-Chinajoint committee on trade and investment in Beijing, during which the two countriessigned four cooperation agreements aiming to expand  their shared economic and action plans todevelop infrastructure projects as well as digital technology and energy zones.

Thailand’s media quoted Thai Deputy PrimeMinister Somkid, who led a delegation to the meeting on December 12, as sayingthat Thailand and China also agreed to expand bilateral trade in agricultureand officially signed a memorandum of understanding on the Thailand-Chinarailway project from 2016 to 2020. The project is scheduled to start in early2017.

During his trip to China from December 8 to12, Deputy PM Somkid also visited the Shenzhen and Hangzhou special economiczones.-VNA

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