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South Korea, Thailand link up to boost their economies


Commerce Minister Jurin Laksanawisit has announced that Thailand and South Korea are collaborating to help stimulate their economies in the fallout of Covid-19.

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The minister met his South Korean counterpart, Trade Minister Yoo Myung-hee, on Wednesday (September 2) to discuss the state of global economy and trade in the wake of Covid-19 and they both decided that the two countries should link up.
Jurin wants South Korea to import more Thai products, namely sugar, mangosteen, rubber and processed chicken. He also urged the trade minister to expand sales channels for Thai products through Korean e-commerce platforms, like Coupang, Naver, and Wemakeprice.
The two ministers have also agreed to push for the signing of the Regional Comprehensive Economic Partnership within this year.
South Korea is the 10th top trade partner of Thailand, with trade between the two countries valued at Bt418.86 billion last year.

Published : September 03, 2020

By : THE NATION