A brand new 'comprehensive framework agreement' with the aim of enhancing trade and strengthening economic partnership was signed in Shanghai on Wednesday. According to Commerce Minister Sontirat Sontijirawong, the comprehensive cooperation will cover seven key areas: trade, investment, science/technology, digital, tourism, finance and regional economic cooperation. On finance, Thailand and China agreed to promote the use of baht and yuan in bilateral transactions for trade and investment and promote fintech. "China is the world's largest trade partner and one of the top 10 foreign investors in Thailand," Mr Sontirat said. For the first nine months of the year, two-way trade between Thailand and China topped $45.71 billion, up 11.6% from the same period last year.
Source: Bangkok Post November 07, 2018 21:56 UTC