Thailand has signed a more extensive trade partnership through a mini-free trade agreement (mini-FTA) with China's Yunnan province. The goal is to expand new forms of cooperation in various industries such as logistics and cross-border e-commerce.
According to Phusit Ratanakul Sereroengrit, director-general of the International Trade Promotion Department, the pact was signed on Thursday between the department and Li Chenyang, director-general of the Yunnan Commerce Department, during the GMS Governors Forum held in Yunnan, China.
According to Phusit, the deal will greatly benefit Thailand as a significant exporter of agricultural products and essential food items worldwide. It should lead to increased exports of fruit and processed fruit to the Chinese market. Thailand has eight mini-FTAs with Hainan, Gansu, Shenzhen and Yunnan, China; Kofu, Japan; Telangana, India; and Busan and Gyeonggi, South Korea.
Source: bangkokpost.com