News / Asia

Thailand, China Set Aggressive Targets to Increase Trade

Chinese Premier Wen Jiabao (L) walks with Thai Prime Minister Yingluck Shinawatra during a welcoming ceremony at the Government House in Bangkok, November 21, 2012.
Chinese Premier Wen Jiabao (L) walks with Thai Prime Minister Yingluck Shinawatra during a welcoming ceremony at the Government House in Bangkok, November 21, 2012.
Ron Corben
Thailand and China have agreed to further boost economic ties during a high-level visit by Chinese Premier Wen Jiaboa to Bangkok. Analysts say the visit, following soon after that of U.S. President Barack Obama, highlights increased interest in Southeast Asia’s positive economic outlook.

Talks between Wen and Thai Prime Minister Yingluck Shinawatra on Wednesday were intended to build on a major trading agreement between China and Thailand, announced in April this year.

Under the pact set out for five years, the governments agree to ambitious targets to expand trade and investment, as well as tourism, aiming to raise bilateral trade up to 15 percent a year.

Wen focuses on Thailand

In an address to reporters, Wen said China sees Thailand as an important trading partner. He said both nations agreed to implement the five-year plan on development and trade with a strengthening of cooperation and mutual investment in agriculture, and projects linked to traffic management, water resources and infrastructure.

Yingluck also supported the calls for greater cooperation in the agricultural sector. She said the Chinese government is interested in buying agricultural produce, especially rice.

During the talks, China agreed to purchase more rice from Thailand, both at a state and private-sector level.  

Reports this week said Thailand had hoped to sell up to 5 million metric tons of rice to China in a bid to reduce rice stocks that the government has accumulated under a controversial rice pledging program that sets government buying rates above the international market.

US emphasizes Asia-Pacific

China’s purchases of Thai rice have fallen by more than 50 percent this year, since the program was introduced. At the meeting Thursday, China agreed to buy 260,000 tons of rice.

The agreement Thursday follows just days after Obama visited during a trip to promote Washington’s increased focus on trade and diplomacy in the Asia-Pacific.

The United States renewed a long-standing security pact with Thailand and a U.S.-sponsored Trans Pacific Partnership (TPP), largely a free trade area between the U.S. and Asia-Pacific countries.

Competing interests

Somphob Manarangsan, a professor of economics, said the recent visits of the senior leaders from both countries stand in contrast, as China has strong economic ties to the region, while the United States’ key strength has been in security areas, but weaker in economic ties.

“You can see that when President Obama came to this area [the U.S.] try to sell the idea of the TPP - that means to have this improvement of the economic cooperation by the USA with countries of this area," said Manarangsan. "But Mr. Wen Jiabao - they try to use some cultural factor, education, social, like the opening up of the Chinese cultural centers here in Thailand using the soft power to deal more and more with this area.”

Somphob said that although countries like Thailand so far have been able to strike a balance between Beijing and Washington, that may become harder in the near future as trade, business and investments increase.

You May Like

Video Analysts: Beijing Parade a 'Bazaar' of Stolen Technology

Show commemorating victory over Japan in World War II involved long, medium and short range missiles, a range of tanks and 200 fighter aircraft More

Bernie Sanders Surge Reflects US Shift on Socialism

Although most analysts say it is unlikely he will get the Democratic nomination, Sanders' campaign opens up questions and issues that are otherwise marginalized More

Video On IS Frontline, Kurdish Fighters Ready for Offensive

Peshmerga soldiers say although they need more heavy artillery, they are poised to take the fight to the Islamic State extremists on their turf More

This forum has been closed.
Comment Sorting
Comments
     
by: Jonathan Huang from: canada
November 21, 2012 12:35 PM
China is playing very smart and successfully.

A super power is rising!
In Response

by: Joel Bayan from: New jersey
November 24, 2012 9:25 AM
The difference is the US focuses more on security than economic. There is no transparency or oversight for corruption with China and Thailand, hence follow the money! China's leaders pocket millions of yuan and the Thai politicians get their baht. Quite a deal at the expense of the people! China has a large population, larger country in size and with that comes problems that will be larger than they can handle. I wouldn't call them a "super power rising", but I would say that their problems will rise quicker than their powers!

As the good professor points out that... "Somphob Manarangsan, a professor of economics, said the recent visits of the senior leaders from both countries stand in contrast, as China has strong economic ties to the region, while the United States’ key strength has been in security areas, but weaker in economic ties."

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Drowned Migrant Toddler Photo Triggers European Outragei
X
Henry Ridgwell
September 04, 2015 11:36 AM
The harrowing picture of a drowned three-year-old Syrian boy washed up on a Turkish beach appears to have galvanized Europe’s leaders into doing more to address the refugee crisis. France, Germany and Italy issued a joint call Thursday for compulsory quotas of refugees for all EU states. But there were chaotic scenes in Hungary as police tried to force migrants off a train heading for Austria. Henry Ridgwell has more. And a caution, some of the images in this report may be disturbing.
Video

Video Drowned Migrant Toddler Photo Triggers European Outrage

The harrowing picture of a drowned three-year-old Syrian boy washed up on a Turkish beach appears to have galvanized Europe’s leaders into doing more to address the refugee crisis. France, Germany and Italy issued a joint call Thursday for compulsory quotas of refugees for all EU states. But there were chaotic scenes in Hungary as police tried to force migrants off a train heading for Austria. Henry Ridgwell has more. And a caution, some of the images in this report may be disturbing.
Video

Video Russians Observe 11th Anniversary of Beslan School Attack

This week, Russians have been observing the 11th anniversary of the attack by Islamic militants on a school in Russia's North Caucasus region that killed more than 330 hostages, including 186 children. The three-day siege and massacre that started on September 1, 2004 took place in Beslan, a town in the republic of North Ossetia, and is one of the bloodiest terrorist acts ever in Russia. VOA's Mike Richman reports.
Video

Video Native Americans Debate: Father Serra, Saint or Sinner?

Pope Francis will canonize an 18th century missionary to Spanish California during a papal visit to the United States this month.  But some Native Americans have criticized the elevation to sainthood of the missionary priest, Junipero Serra. VOA's Mike O’Sullivan has more from Los Angeles.
Video

Video Calais School Offers Another Face of Europe’s Migrant Crisis

Europe is facing mounting criticism over how it’s handling its biggest migration crisis since World War II. But not all Europeans believe building walls or passing repressive policies are the answer. A school for migrants in the French port city of Calais, is opening doors and building bonds across nationalities. VOA's Lisa Bryant reports.
Video

Video Kurdish Fighters on IS Frontline Ready for Offensive

Finger on the trigger, the Kurdish Peshmerga soldier stared across the dust at a village taken over by Islamic State extremists. The Kurdistan’s Khazir frontline, just 45 minutes from the Islamic State stronghold of Mosul. And at this point, the militants were less than two kilometers away. VOA's Sharon Behn reports.
Video

Video China Announces Troop Cuts at WWII Parade

Chinese President Xi Jinping Thursday announced plans to cut the world’s largest military force by 300,000 troops. The announcement was made during a massive military parade to commemorate victory over Japan in World War II. The event was shunned by most Western leaders and for some is raising fresh concerns about China’s military ambitions. VOA’s Bill Ide has more from Beijing.
Video

Video Russia-Japan Relations Cool as Putin Visits China for WWII Anniversary

Russian President Vladimir Putin is in Beijing for commemorations of the 70th anniversary of China's WWII victory over Japan. Putin is expected to visit Japan later this year, but tensions between Tokyo and Moscow over islands disputed since the war, and sanctions over Ukraine, could pour cold water on the plan. VOA's Daniel Schearf reports.
Video

Video Yemen ‘on Brink of Disaster’ as Medical Shortages Soar

Aid agencies warn Yemen is on the brink of humanitarian disaster – with up to half a million children facing severe malnutrition, and hospitals running out of basic medicines. There are fears Yemen's civil war could escalate as the coalition led by Saudi Arabia tries to drive back Houthi rebels, who seized control of much of the country earlier this year. Henry Ridgwell reports.
Video

Video Apps Helping Kenyan Businesses Stay Ahead of Counterfeiters

Counterfeit goods in Kenya cost the government as much as $1 billion each year in lost tax revenues. The fake goods also hurt entrepreneurs who find it hard to carve out a niche in the market and retain customers. But as Lenny Ruvaga reports from Nairobi, information technology is being used to try to beat the problem.
Video

Video Nobel Prize Winner Malala Talks to VOA

Nobel Peace Prize winner Malala Yousafzai met with VOA's Deewa service in Washington Sunday to talk about women’s rights and unveil a trailer for her new documentary. VOA's Katherine Gypson has more.
Video

Video War, Drought Threaten Iraq's Marshlands

Iraq's southern wetlands are in crisis. These areas are the spawning ground for Gulf fisheries, a resting place for migrating wildfowl, and source of livelihood for fishermen and herders. Faith Lapidus has more.
Video

Video Colombians Flee Venezuela as Border Crisis Escalates

Hundreds of Colombians have fled Venezuela since last week, amid an escalating border crisis between the two countries. Last week, Venezuelan President Nicolas Maduro ordered the closure of a key border crossing after smugglers injured three Venezuelan soldiers and a civilian. The president also ordered the deportation of Colombians who are in Venezuela illegally. Zlatica Hoke reports.
Video

Video Rebuilding New Orleans' Music Scene

Ten years after Hurricane Katrina inundated New Orleans, threatening to wash away its vibrant musical heritage along with its neighborhoods, the beat goes on. As Bronwyn Benito and Faith Lapidus report, a Musicians' Village is preserving the city's unique sound.
Video

Video In Russia, Auto Industry in Tailspin

Industry insiders say country relies too heavily on imports as inflation cuts too many consumers out of the market. Daniel Schearf has more from Moscow.
Video

Video Scientist Calls Use of Fetal Tissue in Medical Research Essential

An anti-abortion group responsible for secret recordings of workers at a women's health care organization claims the workers shown are offering baby parts for sale, a charge the organization strongly denies. While the selling of fetal tissue is against the law in the United States, abortion and the use of donated fetal tissue for medical research are both legal. VOA’s Julie Taboh reports.

VOA Blogs