Thailand moves to boost bilateral trade with RoK

Thailand is eyeing economic opportunities at the 17th Meeting of the ASEAN-Korea Free Trade Agreement Implementing Committee (AKFTA-IC) in Seoul from February 12-14.
Bangkok (NNT/VNA) – Thailand is eyeing economic opportunities at the 17th Meeting of the ASEAN-Korea Free Trade Agreement Implementing Committee (AKFTA-IC) in Seoul from February 12-14.

Director-General of the Department of Trade Negotiations, (DTN) Auramon Supthaweethum said that Thailand is intent on advancing sales of key commodities, namely, fish, cassava, mango, brown rice, processed food, plastics and chemicals, clothing, and ceramics, to facilitate its business operations in the Republic of Korea.
Thailand is also pushing ASEAN and the RoK to achieve a trade goal of 200 billion USD by next year.

With the 30th anniversary of ASEAN-Korea relations, the director general indicated that the two sides will discuss the ASEAN-Korea Summit expected to be held in November and December of this year.

The RoK is Thailand’s 10th most important trading partner. In 2018, the mutual trade accounted for 13.76 billion USD or 2.74 percent of Thailand’s total trade, up by 8.76 percent from the previous year.
The RoK’s exports reached 4.88 billion USD whereas its imports were valued at 8.87 billion USD.– NNT/VNA
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