China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (4111)	1/9/2005 12:45:34 AM
From: RealMuLan	Read Replies (1) of 6370

Thailand attributes trade surplus to FTA with China www.chinaview.cn 2005-01-08 13:36:52 BANGKOK, Jan. 8 (Xinhuanet) -- Thailand has gained a trade surplus of 7 billion baht (175 million US dollars) to China since the two sides started their free trade agreement (FTA), according to the Thai Commerce Ministry. Thailand exported 3.2 million tons of goods worth nearly 15 billion baht (375 million dollars) to China between October 2003 when the agreement came into effect, and end of December 2004, theofficial Thai News Agency (TNA) Saturday quoted a senior official of the ministry as saying. The exports to China are mostly fruits and vegetables, with tapioca slices, longan, frozen shrimp and fish, and durian at the top of list, said Rachane Potjanasuntorn, director-general of the Foreign Trade Department of the ministry. Over the same period, Thailand imported 343,211 tons of goods worth 7.5 million baht (187.5 million dollars) from China. Most popular import items include fruits and food products. Thus, Thailand is enjoying a 7 billion baht (175 million dollars)trade surplus to China since the two countries started their FTA. The result is contrary to local concerns and reports that the FTA with China will push Thai exporters into a disadvantaged point for they're not fully prepared for competition with their Chinese counterparts. Enditem news.xinhuanet.com

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