Indo-Thai trade to touch USD 10 bn in three yrs

Vice-Chairman of the Board of Trade of Thailand says bilateral trade between India and Thailand was expected to touch USD 10 billion in the next three years.

Bilateral trade between India and Thailand was expected to touch USD 10 billion in the next three years from the current USD 3.4 billion, Vice-Chairman of the Board of Trade of Thailand Somkiat Anuras said on Monday.

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The volume of two-way trade would touch USD four billion in the current financial year, Anuras told reporters on the sidelines of a seminar on 'Emerging opportunities post FTA' organised by FICCI in Kolkata.

He said bilateral trade would get a boost once the free trade agreement (FTA) between India and Thailand was signed.

Anuras said Thailand would have to do a lot of homework to take the volume of bilateral trade to a satisfactory point.