Thailand, China target 120-billion-USD trade value in 2020 hinh anh 1Thailand's Deputy Prime Minister Somkid. (Photo:

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

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

Thailand’s media quoted Thai Deputy Prime Minister Somkid, who led a delegation to the meeting on December 12, as saying that Thailand and China also agreed to expand bilateral trade in agriculture and officially signed a memorandum of understanding on the Thailand-China railway project from 2016 to 2020. The project is scheduled to start in early 2017.

During his trip to China from December 8 to 12, Deputy PM Somkid also visited the Shenzhen and Hangzhou special economic zones.-VNA