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Thai PM in Jakarta to promote bilateral trade


March 27, 2008

Thai PM in Jakarta to promote bilateral trade

Thailand’s Prime Minister Samak Sundaravej, who is on an official two-day visit to Indonesia, in his meeting with Indonesian President Susilo Bambang Yudhoyono in Jakarta, said the two sides agreed to promote bilateral trade, investment, energy and the food industry.

Thailand and Indonesia also agreed to hold annual consultations on both bilateral and regional issues.

Bilateral trade, which accounted for $8.7 billion last year, is expected to grow to $20 billion in the next two years. In particular, Indonesia plans to buy more Thai rice and sell aircraft to Thailand, according to the premier. Indonesia is the third important trade partner of Thailand in Asean.
Indonesia is the sixth country in the region that Samak has visited since he became Thailand's new prime minister in February. He earlier visited Laos, Cambodia, Singapore, Myanmar and Vietnam. Thailand and Indonesia will mark their 60th anniversary of diplomatic relationship in 2010.

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