Thailand, Iran target bilateral trade of $1.2 bn within 3 years
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THAILAND AND Iran are aiming at boosting two-way trade to US$1.2 billion in three years, up from $300 million in 2014, after the Thai government sent its first mission there to form closer economic ties now that trade sanctions on that country have been l
After meeting with key economic ministries – Trade, Petroleum, Roads and Urban Development, and Industry – in Tehran, Deputy Commerce Minister Suvit Maesincee said the two countries had great opportunities to strengthen trade and investment, and cooperate in the tourism industry.
“Thailand is being considered as a source of food for Iran and a gateway to Asean markets, particularly Cambodia, Laos, Myanmar and Vietnam, while Iran could be a gateway for Thailand to penetrate the Middle East market,” he said.
The two countries agreed to reorganise the meetings of the Joint Commission between the two sides to drive closer cooperation on various issues starting next February.
Deputy Prime Ministers Pravit Wongsuwan and Somkid Jatusripitak will lead Thai delegations to Iran again in early February.
