Bangkok, Two countries join forces to support Thai-Nanning trade, hoping to create opportunities for entrepreneurs on both sides to push future industries. Automotive-energy for sustainable growth Mr. Phumtham Wechayachai, Deputy Prime Minister and Minister of Commerce Gave a speech at the Nanning City Investment Environment Promotion and Economic and Trade Cooperation Exchange (Thailand) event to promote Thai-China relations. Trade and investment Exchange economic cooperation between Thailand and Nanning City. Especially the automotive industry New energy and auto parts industry For the development goals of both Thailand and China at the Kwang Hua Tang Auditorium, Thai-Chinese Chamber of Commerce, 9th floor, Thai CC Tower Building, South Sathorn, yesterday evening (22 Apr. 24) Thailand and China have a long relationship. It has built strong economic and social ties. Today, China is an economic superpower. Including being Thailand's number 1 trading partner with the highest trade value between them. For 11 consecutive years (since 2013), in 2023 there was a trade value between them reaching 105 billion US dollars. Accounting for 18 percent of Thai trade value Meanwhile, trade between Thailand and the Guangxi Zhuang Autonomous Region in 2022 will reach a total value of 4.3 billion US dollars. Thailand is the 4th most important trading partner of the Guangxi Zhuang Autonomous Region. However, in the past, Thailand has had trade agreements with China at every level, from the ASEAN-China Free Trade Agreement (or ACFTA) and the Regional Comprehensive Economic Partnership (or RCEP), including supporting the Belt and Road Project (or BRI) as well as creating a memorandum of understanding on trade cooperation (MOU) with 4 important Chinese provinces/cities: Thailand-Gansu, Thailand-Hainan, Thailand-Shenzhen and Thailand-Yunnan. Currently, the Ministry of Commerce Has appointed a subcommittee to promote and drive proactive trade and economics between Thailand-China-ASEAN. To prepare a strategy to promote international trade and drive aggressive trade to the Chinese and ASEAN markets. Thailand aims to prepare an MOU with the Guangxi Zhuang Autonomous Region. which is a province with high potential To expand economic relations and trade and investment more closely. Thailand has an opportunity to expand cooperation to Nanning. Through participation in the China ASEAN Expo trade show, which is an important channel for promoting imports of goods in line with China's economic opening policy. and is a platform for economic and trade cooperation between China and other countries. It also strengthens relations between government agencies through visits by top Thai executives. He also attended the 20th China ASEAN Expo in September 2023 and met and discussed with the Chairman of the Guangxi Zhuang Autonomous Region (Lan Tianli) and the Prime Minister (Mr. Li Qiang), who will help drive The economy between Thailand and China is efficient. The Thai government has a policy to develop the new economy. the entire digital industry high technology industry green industry This is in line with China's policy and operational guidelines. and Guangxi Zhuang Autonomous Region That is a strategic area of ??China's national development plan, such as the New International Land-Sea Trade Corridor (or New International Land-Sea Trade Corridor) and the gateway to ASEAN. With Nanning City being the center city of the Guangxi Zhuang Beibu Bay Economic Zone and one of the three locations of the "Guangxi Zhuang Free Trade Experimental Zone" today's activities. It will provide an opportunity for Thai businessmen and entrepreneurs to connect and participate in the supply chain in this future industry. To jointly develop potential and strengthen the economies and societies of Thailand and China. Also at the event was Mr. Nong Sheng Wen, Secretary of the Communist Party of Nanning City. Ms. Pimpatra Wichaikul, Minister of Industry, Mr. Narongsak Phutthapromongkol, President of the Thai-Chinese Chamber of Commerce, Mr. Narit Therdsatheerasak Secretary-General o f the Board of Investment, Mr. Fan Xiaomin (Mr. Fan Xiao Min), Vice Mayor of Nanning City, and Mrs. Zhang Xiaoxiao, Minister Counsellor. (Commercial Department) Chinese Embassy Also participating in Thailand. Source: Thai News Agency