Thailand-China trade forecast at US$100 billion in next 3 years

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BANGKOK, March 16 – Trade and investment between Thailand and China will reach US$100 billion in 2015, a sharp increase from US$69.7 billion last year, according to the Thai ambassador to Beijing.

Wiboon Kusakul said a vast country like China is an ideal market for Thailand’s trade and investment, while newly elected president Xi Jinping has announced his support for boosting international trade.

Thailand’s investment in China is currently more than US$6 billion.

Chinese ambassador to Bangkok Guan Mu said the new president’s policies will contribute to development in China.

He added that the United States’ increasing interest in Southeast Asia will be beneficial to the region as a whole