Sino-Thai trade projected to increase to US$100bn in 2015


BALI, Oct 7 – Thailand and China have agreed to boost bilateral trade to a total value of US$100 billion by the end of 2015, it was reported.

Thai Prime Minister Yingluck Shinawatra held talks with Chinese President Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Summit 2013 which kicked off yesterday on the Indonesian resort island of Bali.

Ms Yingluck reassured the Chinese leader that Thailand was determined to forge ahead with joint projects agreed earlier between the two countries, such as development of a high speed train project, alternative energy, education and human resource development, and water management.

Mr Xi Jinping said Thailand has been China’s partner in rural development and new cooperation would be explored while bilateral relationship would be enhanced.

On infrastructure development in Thailand, the Chinese president proposed setting up a bank for infrastructure investment in Asia to promote connected and successive economic development in the region.

Ms Yingluck reportedly threw her support to the proposal.