BANGKOK, June 12 (TNA) — The administration of China’s Guangdong province proposed bilateral economic cooperation and additional investment worth about 100 billion baht is expected in the future.
Guangdong governor Li Xi said in a seminar on Sino-Thai economic cooperation that China had five proposals to expand its Great Bay Area (GBA) scheme to Thailand, enhance cooperation on 755 Thai investment projects in China and 113 investment projects of Guangdong in Thailand, jointly promote new industries, 5G communications and e-commerce, cooperate on fishing, agriculture and spending in rural areas, and expand cooperation on tourism.
Mr Li led about 200 business people from Guangdong to visit Thailand. Guangdong has been China’s province with top trade for 33 years and with highest consumption for 36 years.
Deputy Prime Minister Somkid Jatusripitak said Thailand accepted the five economic cooperation proposals from China and hoped to be integrated into China’s Belt and Road Initiative and GBA.
Regarding its economic status, Guangdong could play important roles in the linkage of China, Thailand and Southeast Asia, he said.
Jitti Tangsitthipakdee, president of the Thai-Chinese Chamber of Commerce, said that the visit resulted in business deals among some 100 Thai and Chinese operators and they should create additional investment worth about 100 billion baht in the future, especially in the Eastern Economic Corridor. (TNA)
