ASEAN KEY DESTINATIONS
Malaysia-Thailand trade blooms
He said both countries recorded a total trade of US$7.2 billion from January to April this year, an increase of 45 per cent compared to the corresponding period last year.
Economic recovery in both countries, greater domestic demand in respective country and the Asean Free Trade Area were the main factors that contributed to the higher figure, he told Bernama here.
"The Thais will have to wait for three months now to get their Proton Exora due to the greater domestic consumption in this country currently," he said.
Malaysia's exports to the country consists of electrical and electronics goods, crude petroleum, chemical and chemical products, machinery, appliances and parts.
On the other hand, Malaysia imports electrical and electronics products, automotive and automotive parts and rubber from Thailand.
Bilateral trade between the two countries amounted to US$16 billion during the economic crisis last year and US$18 billion in 2008.
Malaysia is currently the fifth largest investor in Thailand after Japan, United States, Singapore and China and the second largest within Asean after Singapore.
Husni said Malaysians invested 1.1 billion baht in the country for the first four months of this year, an increase of 60 percent from the previous year.
"Overall, the political development in this country has no major impact on the two countries' trade and investment," he said, referring to the recent political turbulence in the country.
A peaceful street protest started on March 12 and ended with violence and unrest on May 19 with 91 people dead and more than 1,800 injured.
In the tourism sector, Husni said 940,000 Malaysians visited this country while 700,000 Thais visited Malaysia for the January-June period this year.
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