Thailand and New Zealand vow to strengthen economic ties as they set lofty new trade goals | World News - Hindustan Times
close_game
close_game

Thailand and New Zealand vow to strengthen economic ties as they set lofty new trade goals

AP |
Apr 17, 2024 03:36 PM IST

Thailand and New Zealand vow to strengthen economic ties as they set lofty new trade goals

BANGKOK — Thailand and New Zealand on Wednesday vowed to boost economic cooperation with an aim to triple two-way trade by 2045, as the New Zealand leader visited Thailand for the first time in 11 years.

Thailand and New Zealand vow to strengthen economic ties as they set lofty new trade goals
Thailand and New Zealand vow to strengthen economic ties as they set lofty new trade goals

New Zealand Prime Minister Christopher Luxon arrived in Bangkok on Tuesday and met with his Thai counterpart Srettha Thavisin at the government house on Wednesday. They discussed trade, education, investment, visa arrangements, tourism, transnational crime and cybersecurity.

Unlock exclusive access to the latest news on India's general elections, only on the HT App. Download Now! Download Now!

“We have agreed to elevate Thailand-New Zealand relations to a strategic partnership in 2026 or sooner, which will mark the 70th anniversary of our diplomatic relations. This will create the momentum for us to further expand and deepen cooperation in all dimensions,” Srettha said during a joint news conference after the meeting.

Luxon said that trade between the countries has tripled since a free trade agreement was signed 20 years ago.

"But today we have committed to look for further opportunities to expand our economic cooperation and for new opportunities. Today we announced an ambitious goal to triple our two-way trade by 2045,” he said.

Business delegations from both countries also held a meeting helmed by the two prime ministers at the government house, seeking to rapidly expand the bilateral economic relationship.

The two leaders said they looked forward to tariff-free entry for all Thai and New Zealand imports due to take effect Jan. 1. They also said they agreed to further facilitate visas between Thailand and New Zealand, and to resume direct flights that were shut after the pandemic.

Just before the news conference, the prime ministers presided over the signing of two agreements to increase cooperation in education and aviation supply, repair and maintenance.

The situation in neighboring Myanmar was also discussed. Srettha said Thailand is closely watching the tense situation on its northwestern border, where the key Myanmar town of Myawaddy recently fell to forces fighting the military, which seized power in 2021.

This article was generated from an automated news agency feed without modifications to text.

Tell us what your First Vote will stand for in a short video & get a chance to be featured on HT’s social media handles. Click here to know more!

Get Current Updates on India News, Elections 2024, Lok sabha election 2024 voting live , Karnataka election 2024 live in Bengaluru , Election 2024 Date along with Latest News and Top Headlines from India and around the world.
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Saturday, May 25, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On