Bilateral trade with Thailand set to increase says external affairs minister

2022-08-18 15:09:55 Exim News

The Bilateral trade between India and Thailand is approaching 15 billion US dollar and this will increase. We are also looking at enhancing trade through the India-Myanmar-Thailand trilateral,’’ Jaishankar said while co-chairing the 9th India Thailand Joint Commission Meeting in Bangkok.

 Thailand’s Deputy Prime Minister and Foreign Minister, Don Pramudwinai, also took part in the meeting.

India has been pushing for the early completion and expansion of the India-Myanmar-Thailand trilateral highway (covering 1,400 km) to improve road connectivity in the region. There have been talks of extending it to 3,200 km to connect Cambodia, Laos and Vietnam as well.

The highway is a part of India’s Look East Policy that was replaced by Act East Policy in 2014 in to improve relations with ASEAN. The highway (which was conceptualized around 15 years back) would connect India’s border town of Moreh (Manipur) to Mae Sot in Thailand via Myanmar. A major part of the highway has been completed,’’

“We discussed advancing contacts in political, economic, security, defense, connectivity and health domains,’’ Jaishankar said.

Meanwhile, two memoranda of understanding (MoU) were signed between India and Thailand. “The first one was on health and medical research cooperation between the ministry of public health of Thailand and the family welfare department of India,’’ according to the foreign ministry of Thailand.

The second MoU was a collaboration on broadcasting between Prasar Bharati, India, and the Thai Public Broadcasting Service. Meanwhile, in an interaction with the diaspora, Jaishankar defended India’s decision to buy discounted Russian oil amid the Ukraine conflict. 

He added that it was his obligation and moral duty to ensure that the people in India get the best deal.

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