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Thailand and South Africa Bilateral Trade

Thailand and South Africa Bilateral Trade. Ekpawee Witsawachaisil 5004640255 Chanakan Sritrirasri 5004640131.

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Thailand and South Africa Bilateral Trade

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  1. Thailand and South Africa Bilateral Trade Ekpawee Witsawachaisil 5004640255 Chanakan Sritrirasri 5004640131

  2. H.E. Dr. Veerasak Jinarat, Vice Minister of the Ministry of Commerce of the Kingdom of Thailand has been on an official visit to Johannesburg and Cape Town in June to promote bi-lateral trade between the Kingdom of Thailand and South Africa. • The aim is to assist in strengthen the growth of bilateral trade between Thailand and South Africa, and to showcase the competitiveness of Thai exports and the increased added value of Thailand’s products to the South African and African trading community. • Also to identify protectionist measures and trade barriers and dismantle them • South Africa has been Thailand’s foremost trading partner in Africa, while Thailand in turn ranks as South Africa’s number one trading partner in the Southeast Asian Nations region • Thailand also sees SA as a strategic gateway to the rest of the African continent. • Thailand has built a reputation not only for the quality of its exports but also the high competitiveness of their products and services • Thai Exports to South Africa were valued at USD 1.6 billion and South Africa’s exports to Thailand reached USD 800 million.”

  3. Export Products

  4. Growth Rate of Export Products

  5. Import Products

  6. Growth Rate of Import Products

  7. After the formal visit to South Africa Phontiwa Nakasai the minister of the ministry of commerce strongly believe that Thai export to South Africa have a great chance to grow and also that the export value will rise to 10,000 million dollars in a few years from 8,000 million dollars today

  8. 2 factors that support the expansion of Thai export to South Africa First, South Africa is the host of the 2010 World Cup - need iron steel and others to improve its infrastructure to prepare for the big events And South Africa is facing huge drought which leads to famine, food crisis - agricultural product are not enough, hence foods are expensive

  9. South Africa and Thailand is the perfect match • South Africa is full of precious resource, crude oil, gold, diamonds. • They have consumption power but lack ofthe basic consumer necessities • South Africa's demand match with the product that Thailand have comparative advantage • - clothing and textiles, canned fish, Motor cars, parts and accessories especially, parboiled rice

  10. Parboiled Rice Thailand export 5.9 million tons of rice so far this year of which 54 percent went to African countries, according to the commerce Ministry data As India has shrink its exports of parboiled rice last year, Thailand can boost its exports by about 42 percent And the rise could jump to 60 per cent, which would make Thailand to become the world's leading exporter of parboiled rice

  11. Trade with South Africa would benefit us a lot!!

  12. References http://www.moneychannel.co.th/Menu6/MoneylineNews/ tabid/89/newsid491/97622/Default.aspx http://www.iwisdom.co.th/v15/index.php?option=com_content&view=article&id=907:2009-01-30-07-38-25&catid=66:africa-export-market&Itemid=314 http://enews.mcot.net/view.php?id=11777 http://af.reuters.com/article/investingNews/idAFJOE58896320090909 http://www.bilaterals.org/article.php3?id_article=15045 http://www2.ops3.moc.go.th/menucomen/

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