Daily Talk Forum
  • Advertise
  • Search
  • Member List
  • Calendar
Hello There, Guest! Login Register
Daily Talk Forum › General Discussions › Business v
« Previous 1 ... 32 33 34 35 36 Next »

Two-way trade continues to grow



Post Reply 
 
Thread Rating:
  • 0 Votes - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Threaded Mode | Linear Mode
Two-way trade continues to grow
deejay Offline
Gold Member
*****
Gold Members

Posts: 583
Joined: Apr 2006
Reputation: 2
Post: #1
Two-way trade continues to grow

Two-way trade continues to grow after concluding Thai-India FTA pact

BANGKOK, June 17 (TNA) - Bilateral trade between Thailand and India has continued to grow after the two countries began implementing the Thai-Indian Free Trade Area (FTA) Agreement in September last year, according to a senior Commerce Ministry official.

Department of Trade Negotiations Director-General Apiradi Tantraporn told TNA on Friday that two-way trade between the two Asian markets in 82 items of products initially approved for tariff cuts reciprocally--under the Early Harvest Scheme (EHS)--rose to US$430 million in 2005, from US$216.7 million in 2004, with Thailand earning a trade surplus of US$252.7 million.

In the first four months of this year, she said, bilateral trade between the two countries reached over US$118.5 million, a 9.2 per cent increase from the same period of last year, with Thailand still having a trade surplus of US$49.5 million.

"Thai exports to India under the EHS Scheme are likely to steadily grow although the country's exports to New Delhi during the January-April period this year dropped by 1.2 per cent to US$84 million when compared to those of the same period of last year, as New Delhi is obliged to continue to cut its import tariffs for Thai products," she projected.

An increase in Thailand's imports from India in the first four months of this year to US$34.5 million, from US$23.5 million in the same period of last year--a surge by 47 per cent--was due to shipments of capital goods from India for increased domestic production, she noted, saying that the imports are likely to drop later this year.

Major Thai exports to India include colour television sets, air conditioners, refrigerators, steel, as well as gems and jewellery; while imports from India include automobile parts, metal products, as well as gems and jewellery.

"Expanding bilateral trade between Thailand and India is the result of the Thai-Indian FTA pact, which reduces two-way trade barriers and boost shipments of goods of both countries," said the senior Commerce Ministry official.

TNA
06-19-2006 04:41 AM
Find all posts by this user Quote this message in a reply
forwardone Offline
Gold Member
*****
Gold Members

Posts: 6,705
Joined: May 2006
Reputation: 15
Post: #2
 

There must still be huge potential in parts of Asia as far as output and growth is concerned. Look at the Chinese of late, it`s economy is really growing. Don`t they call it the `Tiger Economy` in Asia? Malaysia is one of those places which has done well over the years and seems to be fairly prosperous compared to other places in the region.
06-19-2006 12:38 PM
Find all posts by this user Quote this message in a reply


« Next Oldest | Next Newest »
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  Secure Hyper Text Transfer Protocol (SHTTP) for faster trade Kiirsten Swift 0 1,042 07-16-2010 06:33 AM
Last Post: Kiirsten Swift
  Thai-Cambodian goal to double trade and investment Coffee Break 2 1,783 06-17-2010 10:34 AM
Last Post: ferrorolvans
  President Obama to water down 'Buy American' plan after EU trade war threat cyrano 0 734 02-04-2009 10:16 AM
Last Post: cyrano
  GCC suspends free-trade talks with European Union cyrano 0 1,036 12-26-2008 09:09 AM
Last Post: cyrano
  Pound continues to slide against the Euro forwardone 1 888 12-18-2008 11:41 AM
Last Post: forwardone

  • View a Printable Version
  • Send this Thread to a Friend
  • Subscribe to this thread
Forum Jump:


User(s) browsing this thread: 1 Guest(s)

Advertise on Daily Talk Forum
  • Webmaster Forum
  • cPanel Hosting
  • SEO Directory
  • Toronto
    • Contact Us
    • Daily Talk Forum
    • Return to Top
    • Lite (Archive) Mode
    • RSS Syndication
    • Help
    • Portal
    • Membership
    • Advertise
    • Banners
    • Privacy
    • Rules

    • Review DTF at Alexa
    • Review DTF at Nortons
    • Site Map

    • Links
    • Your Link Here
    Current time: 03-06-2021, 06:41 AM Powered By MyBB, © 2002-2021 MyBB Group Theme created by Justin S