TRADE
Thai-India trade expected to double to $16bn by 2014
- Published: 24/01/2012 at 02:31 AM
- Newspaper section: Business
Bilateral trade between Thailand and India is expected to double within the next two years from US$8 billion last year as trading volume will be boosted by the implementation of a comprehensive free trade programme by mid-2012.
Prime Minister Yingluck Shinawatra leads government and business representatives for a state visit to India from today to Thursday.
Thailand and India agreed to 82 early-harvested items to be included in a bilateral free trade agreement from September 2004, with tariffs cut to zero three years later. The two nations expect to conclude negotiations soon to be able to reduce tariffs on 1,000 items.
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About the author
- Writer: Chatrudee Theparat
- Position: Business Reporter
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