Thailand recently chaired the 4th Joint Trade Committee (JTC) meeting in Phuket province, as it aims to strengthen relations with Bhutan and boost bilateral trade and investment.
Thai Commerce Minister Jurin Laksanawisit and his Bhutanese counterpart LyonpoLoknath Sharma discussed trade and investment opportunities.
The Thai side highlighted the development of e-commerce, the national one-stop-shop system and geographical indication (GI) products to enhance bilateral cooperation in agriculture, handicrafts and tourism.
The meeting was held in Phuket to show attendees the uniqueness of Thai products, especially GI products from Phuket, and to demonstrate the recovery of Thailand’s tourism industry.
Minister Jurin said Bhutan has agreed to sign the Thailand-Bhutan Preferential Trade Agreement which will facilitate trade and eliminate tariffs on goods.
Bhutan and Thailand currently enjoy 2.1 billion baht in bilateral trade. Main export products include fruit jelly, spices and small bronze statues. The two countries have agreed to reach 3.6 billion baht in trade by 2025.(NNT)