Thailand prepares to expand markets to India

BANGKOK, 17 August 2009 (NNT) – Thailand is preparing to expand markets to India in various aspects, including trade and investment, according to Deputy Prime Minister for Economic Affairs Korbsak Sabhavasu.

The Deputy Prime Minister stated that he had tasked the Foreign Ministry to supply detailed information about India to be used during negotiation in the official visit of Prime Minister Abhisit Vejjajiva this November. He added that this visit would be to officially open trade and investment market in the country and enhance ties between the two countries.

Mr Korbsak elaborated that India was one of the main new targets that Thailand wanted to expand trade, investment and exports. He said there would also be a discussion about the East West Economic Corridor (EWEC) to link Thailand, Myanmar and India together to boost trade and connect all types of transportation.

As for tourism, Mr Korbsak explained that Indian tourists were not worried about situations in Thailand such as the influenza A (H1N1) outbreak or internal political problems. He cited that the number of Indian tourists travelling to Thailand remained high.