Before his trip, which lasts until April 15th, the Thai minister said that the UK has been successful in developing a creative economy and Thailand wants to find a way to collaborate with the country to improve and add value to Thai products.
Two-way trade in 2017 reached USD7.01 billion, of which Thai exported totalled USD4.07 billion worth of products and imported USD2.94 billion from the UK.
In the first two months of the year, Thailand earned USD676.13 million from shipments to the UK while spending USD460.63 million on purchasing UK products.
Thailand’s main exports to the UK included cars, auto spare parts, processed chicken, motorcycles and accessories, and electrical spare parts. Meanwhile, the country bought machinery, alcoholic drinks and medicine.
Earlier this month, UK Secretary of State for International Trade Liam Fox came to Bangkok to enhance trade between the two nations. This is the first trade secretary of the UK visiting Thailand in recent 15 years.
During his stay, Liam Fox met with Thai businesses and state officials. He took the occasion to promote the penetration of UK digital technology into Thai market. Cooperation in finance and transport was discussed during Fox’s trip to the Southeast Asian country./.CPV/VNA
- Vietnam, Argentina target US$5 billion in bilateral trade value
- Promoting sustainable energy cooperation between Vietnam and Australia
- Bilateral Trade Deficits
- US, Mexico near bilateral trade pact to replace NAFTA
- IMF warns Trump trade war could cost global economy $430bn
- Trump Puts Hold on New Auto Tariffs; Trade Negotiations Commence With Europe
- BMW Increases SUV Production in Thailand to Avoid Chinese Increased Import Tariffs
- Trade War Watch: Canada Says It'll Take Its Time Reaching a Deal; Japan's Up for Talks
- Vice UK staff unionise and urge other online media to follow suit
- Just wait – Trump's trade war will soon have fallout