Nonthaburi, Minister of Commerce discusses with Minister of the Cabinet Office of Japan. On the occasion of visiting Ready to discuss strengthening economic relations Emphasize important strategic partnerships Ready to cooperate with the Tohoku region in promoting economic, trade and investment relations between them. Including offering Thai products that have potential Increase the value of Thai exports to the Tohoku region.
Mr. Phumtham Wechayachai, Deputy Prime Minister and Minister of Commerce Revealed that he had discussed with Ms. Tsuchiya Shinako (TSUCHIYA Shinako), Minister of the Cabinet Office of Japan. Person responsible for overseeing the restoration of areas in 3 provinces (Miyagi Prefecture Fukushima Prefecture and Iwate Prefecture) in the Tohoku region After the great earthquake in 2011 on Friday, January 12, 2024, Thailand’s important economic and trade policies on issues related to international trade, such as emphasizing proactive work and integrate working together Accelerating the increa
se in export numbers create economic balance Taking advantage of Thailand’s soft power, adapting to support and promoting the potential of Thai entrepreneurs to be in line with new world regulations such as the green economy, BCG, SDGs and using the opportunity to This discussion Congratulations to Thailand-Tohoku region. (Fukushima Prefecture Miyagi Prefecture and Iwate Prefecture)
However, the two countries will continue and strengthen relations. in every aspect continuously Especially in the areas of economy and trade, in 2022 trade between Thailand and the Tohoku region of Japan is worth 13,000 million baht, divided into exports from Thailand to the Tohoku region worth 6,000 million baht and Thai imports from the Tohoku region worth 7,000 million baht. Thailand imports food products from Japan to be used as raw materials for There are over 5,500 Japanese restaurants in Thailand, making it the fifth-largest number in the world after the United States, China, South Korea, and Taiwan. The total market value
is approximately 450,000 million baht, with average annual growth of 10-15 percent.
In addition, Thai products that have potential in the Japanese market were also presented. Especially food for fruits such as bananas that have been developed by Japanese experts in line with the needs of the Japanese market. Mangosteen that has received relaxation in phytosanitary certification, durian, cosmetics, BCG products, pet food products which both sides can use to further trade between each other in the future They also discussed the possibility of promoting cooperation in the field in Thailand and the region. Tohoku has similar potential and consistency. Including increasing cooperation in trade, investment, and two-way tourism.
However, both sides have potential. and also help promote rehabilitation of disaster affected areas. Ready to see that the private sector on both sides has a close relationship and plays an important role in trade and investment between Thailand and Japan.
For other areas of cooperation,
Thailand has invited Japanese entrepreneurs. Apply for a trade show at By the Department of International Trade Promotion Be the organizer In the form of the Tohoku Pavillion region, including the food trade show THAIFEX – Anuga Asia, the lifestyle trade show STYLE Bangkok, and the investment section. has confirmed that If the private sector in the Tohoku region Intend to expand investment in industry or service business in Thailand Ministry of Commerce Happy to help
Japan is one of Thailand’s most important trading partners with the world’s third-largest economy and Thailand’s third-largest trading partner. In 2023 (January – November), there was a total trade value of 51,903.08 million US dollars. (1,797,974.02 million baht) divided into exports worth 22,939.46 million US dollars (789,60.04 million baht), an increase of 0.35 percent from the previous year, and imports worth 28,963.62 million baht (1,00.372.98 million baht), a decrease from the previous year. 9.25 percent etc.
Source: Thai News Agency