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Thailand inks trade pact with China's Shenzhen

Thailand has entered into a mini-free trade agreement (mini-FTA) with China's Shenzhen as it aims to grow trade by 5% to THB910bn (USD26bn) in 2024. Commerce Minister Jurin Laksanawisit said the pact would be instrumental in helping drive trade and investment between Thailand and China. Thailand is set to sign similar pacts with Yunnan province in southwest China in April, and later with five states in India. Jurin said other potential FTAs could be with cities in England and Pakistan. He said that the large-scale free trade cooperation through FTAs is now adequate and it is time for them to apply deeper and more aggressive policies to promote trade and investment, particularly in provinces and states.


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