Fri, October 2, 2009 : Last updated 20:07 hours
Home > Business > Thai-Lao agreement to boost agricultural trade & investment
Thai-Lao agreement to boost agricultural trade & investment
Thailand and Laos will set up a joint committee to facilitate bilateral trade and investment in agricultural products, in line with the liberalisation under the Asean Free Trade Area (AFTA).
Agriculture Minister Theera Wongsamut said on Friday that the committee will work in tandem with the ministry's measures designed to facilitate the liberalisation which will take effect on Jan 1, 2010. Then, the quoto on 23 agricultural products would be lifted.
On the day, he had a discussion with Laos' Minister of Agriculture and Forestry.
Thira noted that Laos has warmly welcomed Thailand's agriculture investment projects, which would help boost bilateral trade value. In 2008, bilateral trade value totalled Bt78.96 billion, up 29 per cent from 2007. In the year, Thailand exported chiefly rice and corn worth Bt58.4 billion.
OTHER BUSINESS
Top Stories
- US 'Jazzman' poses threat to jasmine rice
- Sweden's Gripen considers Thai maintenance centre
- Club to protect online news content
- Cambodia to end Bangkok Airways domestic flights
- Wealth in Thailand remains unchanged
- Business down a steep 33% among ATTA members
- Injunction halts projects
- Industry Ministry to appeal against Map Ta Phut injunction
- Gold to hit US$1,200 an ounce
- Rakuten takes over Tarad.com
Corporate links:
Privacy Policy (c) 2007 NMG News Co., Ltd.
1854 Bangna-Trat Road, Bangna, Bangkok 10260 Thailand.
Tel 66-2-338-3000(Call Center), 66-2-338-3333, Fax 66-2-338-3334
Tel 66-2-338-3000(Call Center), 66-2-338-3333, Fax 66-2-338-3334
Contact us: Nation Internet
File attachment not accepted!