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Maximizing Trade under CAFTA: How ASEAN and China can Benefit from FTA

Maximizing Trade under CAFTA: How ASEAN and China can Benefit from FTA. 8 June 2011 ASEAN – China SME Conference, Kuala Lumpur, Malaysia. Mr. Rachane Potjanasuntorn Deputy Permanent Secretary Ministry of Commerce of the Royal Thai Government. Overview of Thailand-China Trade Relations.

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Maximizing Trade under CAFTA: How ASEAN and China can Benefit from FTA

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  1. Maximizing Trade under CAFTA: How ASEAN and China can Benefit from FTA 8 June 2011 ASEAN – China SME Conference, Kuala Lumpur, Malaysia Mr. Rachane Potjanasuntorn Deputy Permanent Secretary Ministry of Commerce of the Royal Thai Government

  2. Overview of Thailand-China Trade Relations • Since the bilateral FTA between Thailand and China in 2004, and ACFTA in 2005, trade between Thailand and China continued to increase. • China + Hong Kong is Thailand’s 3rd major import country in 2007 and 2008, 2nd in 2009 and 1st in 2010 (and continue to be so during January – April of 2011) • During the last 5 years, bilateral trade increased on an average of 18.6%. The first 4 months of 2011, total trade amounts to 17,422 million USD, a 26% increase over the previous’ year figure.

  3. Overview of CAFTA Thailand – China Trade Mil. USD Agreements in Force: - On Trade in Goods: July 2005 On Trade in Services: January 2007 On Investment: August 2009

  4. Thailand – China Trade Mil. USD

  5. Thai Top Export Products to China + HK Mil. USD

  6. Thai Top Import Products from China & HK Mil. USD

  7. Thailand Export Strategies to China • Implement proactive trade promotional activities in regions: Thailand SMEs trade exhibition road show, trade missions, goodwill mission, in-store promotion, distribution network, trade fair participation, and service trade promotional programs. - In 2011, 53 activities by the Department of Export Promotion in various regions: Guangdong, Shanghai, Guangxi Autonomous region, Yunnan, etc. • 9 Thai trade offices to assist Thai entrepreneurs in doing business in China: Hong Kong, Beijing, Shanghai, Kunming, Guangzhou, Xiamen, Chengdu, Nanning and Xian.

  8. Thailand Export Strategies to China • Promote and support high potential service trade eg. restaurants, education, health & beauty, spa, construction, architect, hospitality service, security, entertainment, etc. • Encourage & support Thai entrepreneurs’ business establishment in China • Expand business networking for each product cluster • Establish new business channels (eg. E-Commerce)

  9. Thank You Ministry of Commerce 44/100 Nonthaburi 1 Road, Nonthaburi, Thailand 11000 Tel: +662 5475248

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