Thailand recently chaired the 4th Joint Trade Committee (JTC) meeting in Phuket Province as it aims to strengthen its ties with Bhutan and enhance bilateral trade and investment.
Thai Trade Minister Jurin Laksanawisit and his Bhutanese counterpart, Lyonpo Loknath Sharma, discussed trade and investment opportunities.
The Thai side emphasized the development of e-commerce, the national single-window system and geographical indication (GI) products to enhance bilateral cooperation in agriculture, handicrafts and tourism.
The meeting was held in Phuket to show attendees the uniqueness of Thai goods, especially Phuket GI goods, and to demonstrate the recovery of Thailand’s tourism industry.
Minister Jurin said Bhutan has agreed to sign the Thailand-Bhutanese Preferential Trade Agreement, which will facilitate trade and eliminate tariffs on goods.
Bhutan and Thailand currently enjoy 2.1 billion baht in two-way trade. Prominent export products are fruit jelly, spices and small bronze statues. Both countries agreed to reach a trade turnover of 3.6 billion baht by 2025.(NNT)
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