British International Trade Secretary Liam Fox is in Thailand on Wednesday in a bid to boost trade between the United Kingdom and Thailand.
Mr Fox is the first Trade Minister from the UK to visit Thailand for over 15 years. His mission is to increase trade between the nations and encourage better relations from a business perspective.
He could also open talks with regards to Thailand’s proposed democratic elections.
He will visit the capital city Bangkok, where he will meet with various Thai officials and ministers, along with some of the countries leading business representatives. This will include Deputy Prime Minister Somkid Jatusripitak, his counterpart Sonthirat Sonthijirawong, the Thai Minister of Commerce, and Pichet Durongkaveroj, Minister of Digital Economy and Society.
Although trade between the two nations is more than acceptable at present, the UK would like to see more British goods being sold in Thailand. It is also predicted that as much as 90% of global growth will come from outside the EU, with Asia being at the fore for British exports.
The UK minister sees Thailand, which has the second largest economy in South East Asia as an excellent target to increased trade. The UK exports to Thailand at present are generally machinery, vehicles and mechanical appliances but that could soon change. Mr Fox will also push digital services and transportation during his visit.
Thailand’s economy continues to grow with the Chinese and Indian tourism bolstering foreign income. But could we see a return of British tourists if trade links between the two nations improve? Let us hope so.
Source : Thenation
Content : LovePattayaThailand