Thailand strengthens cooperation with China’s localities
Thailand and China's southern economic powerhouse Shenzhen on March 2 signed a memorandum of understanding (MoU) to boost economic cooperation between the country and the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).
Thailand's Deputy Prime Minister and Minister of Commerce Jurin Laksanawisit. (Photo: remonews.com)
Bangkok (VNA) – Thailand and China's southern economic powerhouse Shenzh😼en onMarch 2 signed a memorandum of understanding (MoU) to boost economiccooperation between the country and the Guangdong-Hong Kong-Macao Greater BayArea (GBA).
The signingceremony was organised by the Department of International Trade Promotion, theMinistry of Commerce Thailand, and the China Council for the Promotion ofInternational Trade Shenzhen Municipal Committee (CCPIT Shenzhen). Speaking atthe event, Thailand's Deputy Prime Minister and Minister of Commerce JurinLaksanawisit said that his country is strengthening bilateral economic cooperationand trade with China through expanding mini-free trade agreements (mini-FTAs)between their localities. He said sixsmaller FTAs, including two with Chinese provinces like Hainan and Gansu, havealready been signed by Thailand. According to Thailand’s Ministry of Commerce,China was the country’s largest trading partner in 2022, with a bilateral tradevalue reaching 3.69 trillion baht (about 107 billion USD), which accounted forabout 18% of Thailand's total foreign trade volume./.
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Thailand's Deputy Prime Minister and Minister of Commerce Jurin Laksanawisit. (Photo: remonews.com) 
