ASEAN-UK Cooperate in 11 economic areas

“Sinit” Deputy Minister of Commerce reveals the results of the ASEAN-UK Economic Ministers meeting Agreed on 11 cooperation work plans, moving forward to upgrade trade and investment in the region

Mr. Sinit Lertkrai, Deputy Minister of Commerce revealed that he was the head of the Thai delegation to attend the 2nd ASEAN-UK Economic Ministers Meeting in Phnom Penh, Kingdom of Cambodia. which this meeting Reflecting on the success of cooperation between ASEAN and the UK as ASEAN’s dialogue partner, marking the first anniversary of the meeting, the meeting exchanged views on efforts to accelerate the economic recovery of the region after the Covid-19 situation. and approved the ASEAN-UK Action Plan There are 11 major economic cooperation activities such as digital innovation. development of medium-sized enterprises small and small financial services and promoting the economic role of women

The meeting also acknowledged progress on economic cooperation activities in 2021-2022, demonstrating the UK’s commitment to supporting ASEAN economic growth. as well as enhance trade and investment between each other. This will benefit the expansion of the business sector. and the well-being of the people of both sides

For the nine months of the year, trade between Thailand and the UK was USD 4.62 billion. accounted for 1.01% of Thai trade in the world market grew by 12.70% from the same period of the previous year. Thai exports were valued at 3 billion US dollars, an increase of 15.69% from the same period last year. Major exports include processed chicken, gems and jewelry. car accessories Equipment and components, rubber and Thai products imported from the UK, valued at US$1.62 billion, an increase of 7.55%. Mineral water Soft drinks and liquor and pharmaceutical and pharmaceutical products