Commerce Min holds seminar on business channels in Africa

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BANGKOK, 12 September 2011  – The Ministry of Commerce has opened a seminar concerning trade opportunities in Africa in hopes of encouraging Thai entrepreneurs to expand their businesses and invest more in the continent.

Deputy Prime Minister and Commerce Minister Kittirat Na Ranong chaired a seminar on business opportunities within Africa, which is considered a new market for Thailand with high potential. Among the attendants were senior executives of public and private agencies, 21 trade envoys from African nations, representatives from trade and investment agencies and over 500 Thai and African entrepreneurs from various fields, including food and beverage, construction, automobile, gems and jewelry and furniture.

During the seminar, the participants were briefed on policies and measures, which had been adopted to entice Thai businesspeople to conduct more trade and make more investment in Africa. Preparatory information was also provided on business channels available in the continent.

Africa is the second most populated continent in the world and possesses abundant sources of minerals, forests, oil, natural gas and precious stones. It is deemed as a suitable market for Thai investors due to its high demand for imported goods.