Discussing the 8th Italian-Thai Business Forum pushing the spread of nearly $ 5 billion in trade
Ms. Busaba Chirathivat, Italian-Thai Business Forum Co-Chairman and Executive Vice President Corporate Communications Central Group revealed that the 8th Italian-Thai Business Forum (Italian-Thai Business Forum) was held with leading businessmen from Italy and Thailand. trade negotiations which is a collaboration between the Thai Chamber of Commerce, the Thai Chamber of Commerce and the Italian Embassy in Thailand. This year, 25 leading businessmen from Italy and Thailand participated, divided into 12 Italian companies and 13 Thai companies.
Covering a wide range of business sectors such as energy, industrial machinery, aerospace, finance and insurance, rubber industry, bicycle tire industry – motorcycle tire industry, construction, agriculture, food and beverage, retail and service business. and was also honored by representatives from the Bank of Thailand and representatives from the Office of the Board of Investment in attending the meeting as well The objective is to provide information on promoting trade and investment cooperation between Italian and Thai member companies. which represents a total trade value of more than 5 billion US dollars.
The Italian-Thai Business Forum has the main objective of strengthening relations. Ready to extend cooperation between business group members in jointly driving business between the Thai and Italian private sectors. which is one of the members of the European Union This year was honored by His Excellency Valentino Valentini, Deputy Minister of Entrepreneurship and Made-in-Italian Products, to open the conference. This emphasizes the long-standing relationship between Thailand and Italy, with the year 2023 marking the 155th anniversary of bilateral relations between the two countries. The embassy has plans to carry out various activities. to strengthen the relationship in all aspects Whether it is economic, political, environment, culture and relations between the people. Italian and Thai
In addition, it also attaches importance to strengthening relations with ASEAN, where Thailand is one of the countries that play an important role in trade and economic exchanges between the two countries between the private sector during January-September. In the past 65 years, trade has increased to 3.5 billion euros, or a 25% increase over the same period from the previous year.
Especially the last discussion on the issue. free trade negotiations Thai-European Union has a positive direction through the joint intention of both parties to Reduce tariff barriers to promote trade and raise trade standards. Liberalization of services and investment digital trade Protecting Intellectual Property from Geographical Indications including trade and sustainable development. The Italian government will fully support negotiations for a comprehensive free trade agreement on both sides. And increase business opportunities that will occur with the community. This will lead to the mutual economic and social growth of the two countries.
“From the success of the meeting The “Italian-Thai Business Forum”, which has been running for the 8th time, reflects the determination of the two countries to develop concrete business trade together. It also shows the close relationship between the two countries. Italy is Thailand’s 24th largest trading partner. According to the Department of International Trade Promotion between January and November 2022, Thailand and Italy had a total trade value of US$ 4,515.44 million, growing 13.09%, divided into export value of approximately US$ 1,887.55 million. United States The value of imports is about 2,627.89 million US dollars. This shows the continued growth of trade in Italy and Thailand. Including additional opportunities for sustainable growth, ”said Ms. Bussaba.
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