British minister visits Thailand for trade talks

Local Hua Hin and regional Thailand news articles and discussion.
Post Reply
User avatar
buksida
Moderator
Moderator
Posts: 16889
Joined: Tue Dec 31, 2002 12:25 pm
Location: south of sanity
Contact:

British minister visits Thailand for trade talks

Post by buksida » Wed Apr 04, 2018 11:27 am

British International Trade Secretary Liam Fox arrived in Thailand on Wednesday to boost trade relations between the two countries.

The first United Kingdom trade minister to visit Thailand in 15 years, he is seeking to expand trade ties and is expected to raise the subject of Thailand holding democratic elections.

While in Bangkok he will meet leading businesses and Thai government ministers, including Deputy Prime Minister Somkid Jatusripitak, his counterpart Sonthirat Sonthijirawong, the Thai Minister of Commerce, and Pichet Durongkaveroj, Minister of Digital Economy and Society. “The UK’s trade with Thailand is growing steadily, but there is still huge untapped demand for British goods and services across the Thai economy, which is growing strongly and has a large middle class,” Fox said in press statement.

“The IMF (International Monetary Fund) predicts 90 per cent of global growth in the coming years will come from outside the EU, and this government is putting the UK in a position to benefit, particularly by boosting export finance and showcasing British companies to the Asian market,” he said.

Thailand is the second largest economy in Southeast Asia and bilateral trade with the UK increased by 2.8 per cent to £5.6 billion (Bt246 billion) in 2015-2016. Currently, the majority of UK exports are in machinery, vehicles and mechanical appliances. Thailand is implementing its “Thailand 4.0 industrial strategy”, with a particular emphasis on moving towards a digital economy, from rolling out high-speed Internet access for all villages to setting up a big data analytics centre.

Fox will showcase how the UK’s world-class digital sector can the support this strategy. This follows a recent visit by Thai digital companies to the UK. Fox will also be promoting the capability of UK companies in areas such as financial services, and transportation, said the statement.

Source: http://www.nationmultimedia.com/detail/ ... l/30342433
Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? - Hunter S Thompson

handdrummer
Ace
Ace
Posts: 1398
Joined: Mon Mar 03, 2014 11:58 am

Re: British minister visits Thailand for trade talks

Post by handdrummer » Wed Apr 04, 2018 1:01 pm

Now, if something could be done to lower the import duties we could afford to eat British imported food.

User avatar
Big Boy
Moderator
Moderator
Posts: 32893
Joined: Fri Nov 04, 2005 7:36 pm
Location: Bon Kai

Re: British minister visits Thailand for trade talks

Post by Big Boy » Wed Apr 04, 2018 9:50 pm

I was going to comment, but realised we were straying well off topic.

:offtopic: please.
League 1 Plymouth Argyle 2 - 3 Burton Albion :cry: :cry: :cry: :cry:

Points 7; Position 24

Post Reply

Who is online

Users browsing this forum: No registered users and 10 guests