Thailand – India agreed to increase mutual trade and investment cooperation to achieve USD35 billion in trade value.
Deputy Government Spokesperson Radklao Inthawong Suwankiri disclosed about the India’s hosting of the 10th Joint Commission for Bilateral Cooperation between Thailand -India in New Delhi on February 27, 2024, which was cochaired by the then-Deputy Prime Minister and Minister of Foreign Affairs Parnpree Bahiddha-nukara and Indian Minister of Foreign Affairs.
Outcome document of the 10th Joint Commission for Bilateral Cooperation between Thailand -India was agree upon and signed at the meeting,
and concern agencies were later assigned to procee according to the outcome document toward tangible achievements.
The cabinet recently acknowledged outcomes of the 10th Joint Commission for bilateral cooperation between Thailand -India, as proposed by Ministry of Foreign Affairs.
Gist of the outcomes are such as the agreement to increase mutual trade and investment and to solve various trade barriers in a bid to achieve the trade value target of US$35 billion sooner. Thailand and India also came to terms on promoting land, air, and waterway transport connectivity.
Other important matters that need continued effort of concerned agencies are for example:
Politics / Security: Elevating Thailand-India relations to strategic partnership; organizing the 13th meeting of Joint Working Group on Security Cooperation;
and signing of MOU between Indian Computer Emergency Response Team (CERT – In) and Thailand’s National Cyber-Security Agency (NCSA).
Urges India to lift trade barriers against Thai products
Economic cooperation: Calling on India to lift trade barriers against Thai products; encouraging Indian investors to consider investing in Thailand;
and pushing forward the review of ASEAN – India Trade in Goods Agreement (AITIGA)
Connectivity: India – Myanmar – Thailand (IMT) Trilateral Highway Project; negotiation on an increase of flight capacity for Thai commercial airlines;
Landbridge project; and cooperation on near costal voyage
Multilateral cooperation: finalizing the date for the upcoming BIMSTEC Summit; and vote swapping under the UN framework.
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