India-Thailand bilateral trade expected to go up to $10 bn by 2012

May 12th, 2011 - 5:49 pm ICT by IANS  

Kolkata, May 12 (IANS) Bilateral trade between India and Thailand is expected to go up to $10 billion by 2012, a Thai envoy here said Thursday.

“Currently bilateral trade between India and Thailand stands at $5.6 billion. Bilateral trade between the two countries is expected to go up to $10 billion by 2012,” Sukoom Somprasonk, deputy consul general at the Royal Thai consulate said while speaking on “India’s Trade Prospects with Thailand” here.

“Bilateral trade between the two countries has tripled in the last six years. We expect that within the next two to three years, the comprehensive free trade agreement (FTA) between the two countries will be concluded,” he said.

“India’s Look East Policy complements Thailand’s trade policy. Thailand always considers India as a strategic partner in trade, commerce, tourism and education,” Somprasonk said.

Informing that currently India’s investment in Thailand was $1 billion, he said there was scope for Thailand’s investment in India in real estate and infrastructure.

Related Stories

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in Business |

Subscribe