The Minister of Commerce invited the Chinese Ambassador to discuss ways to reduce Thailand’s trade deficit gap. Currently, China imports up to 40% of Thailand’s agricultural products.
Mr. Pichai Naripthaphan, Minister of Commerce, revealed after the meeting with Mr. Han Zhiqiang, Chinese Ambassador to Thailand, that he had previously debated in the House of Representatives that China should not be viewed as a villain. Today, he contacted the Chinese Embassy to discuss and express his opinion because Thailand and China will still have to trade for a long time and in a few years, China’s GDP will definitely surpass that of the United States. Chinese economists want to see China’s economy grow twice as much as that of the United States. Close cooperation with China is important and necessary. Today, we discussed many issues. China thanked the Thai Ministry of Commerce for daring to speak the truth. In any case, we must rely on each other, but Thailand depends on China more. Thais believe that those who give ar
e loved.
Mr. Pichai also said that we want China to reduce its trade deficit with Thailand because in the past, we imported more goods from China than we exported. China promised to buy more Thai goods, which are capital goods imported for production and export. In addition, Thailand also wants China to invest more in the EEC region in the eastern region because China is currently ranked number 1 in terms of investment in Thailand, while Japan is ranked 2nd. We want China to set up a factory to produce electronic circuit boards, which is worth hundreds of billions of baht, including downstream products such as AI and smartphones, which will create jobs at a higher cost of 40,000 baht per person per month. In addition, Thailand also wants China to open up e-commerce channels so that Thailand can sell more products. For example, yesterday at the Ministry of Commerce’s event at Samyan Mitrtown, China ordered 320 million baht worth of Thai goods through e-commerce channels in a single day. As for Chinese tourist
s, almost 6 million have traveled to Thailand so far. It is expected that 8 million Chinese tourists will visit Thailand throughout the year.
Mr. Han Zhiqiang, Chinese Ambassador to Thailand, said that today we exchanged views to promote China-Thailand trade and investment and achieved many needs. China and Thailand are business partners. In the past, China imported 40% of all imported agricultural products from Thailand and China has invested the most in Thailand for 2 consecutive years, such as the EV industry, the green economy, and helping to develop Thai industries to be more modern. China has hired Thai workers and provided benefits to Thailand. This year, it is expected that there will be approximately 8 million Chinese tourists visiting Thailand, generating 350 billion baht in income for Thailand. In the past, China has been sincere with Thailand, as can be seen from Thailand wanting China to open a shipping route to send fruits along the Mekong River to China. China has completed building a new port
within 10 months, demonstrating China’s sincerity towards Thailand. In addition, yesterday, the Ministry of Commerce launched an online trading event, with 52 million Chinese ordering products, showing that Chinese people love Thai products. As for the negative news that Chinese products were not of good quality, this is a violation of the interests of the people of both countries. China is ready and willing to cooperate for the benefit of the people of both countries.
Source: Thai News Agency