Commerce Ministry strikes deal with UAE

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BANGKOK, 29 June 2015, (NNT) – The Ministry of Commerce has successfully struck trade deals worth over 100 million baht with the United Arab Emirates (UAE) and two other economies in the Middle East.

According to the Department of International Trade Promotion Director-General, Nantawan Sakuntanaga, the new deal is part of the Commerce Ministry’s policy to penetrate new markets abroad.

The recent visits to the UAE, Kuwait and Jordan have landed 275 more business matching meetings for Thai businessmen and their counterparts in the two countries,which are to be held in the coming months. The Thai team has also secured 185 million baht worth of orders from their food sectors.

A study undertaken by the Ministry has revealed that the Middle East markets have high demands for a number of products, which will benefit Thai food manufacturers. However, adjustments must be made to the products to ensure compliance with the Middle East nations’ specifications.