Date:23/06/2006 URL: http://www.thehindubusinessline.com/2006/06/23/stories/2006062302451900.htm

Back Thai trade team visits Kochi

Our Bureau

Kochi , June 22

A team of delegates from the Ministry of Commerce, Thailand, headed by its Inspector General, Mr Thawatchai Sophastienphong, visited the Indian Chamber of Commerce and Industry here for an interactive session on promotion of investment and trade between India and Thailand.

Welcoming the Thai delegates, Mr Balagopal B. Pai, president of the Chamber, said that since the food processing and agro industries in Thailand are well developed, these sectors offer opportunities for joint ventures in Kerala. The traditional items being exported from the State to Thailand include cashew kernels, coir mats, seafood, handicrafts, tea and spices.

Mr Sophastienphong said the delegates wish to explore trade opportunities between India and Thailand particularly in view of the India Thailand Free Trade Agreement entered into between the two countries in October 2003.

In accordance with the agreement, tariff reduction was granted in respect of 82 items. He also said that the commercial section of Royal Thai Consulate General in Chennai would provide necessary cooperation and guidance to those who are really interested in joint ventures and doing business with Thailand.