Thai and Chinese investors last week signed nine agreements in Guangzhou, China to boost the two countries' rade and investment by Bt20 billion.
Industry Minister Charnchai Chairungrueng said these deals will lead to Bt13 billion in trade between Thai firms and their partners in this southern Chinese province. Combined investment would reach up to Bt7 billion as a result of the Board of Investment's effort.
China was planning to purchase Thai fruits worth Bt10.5 billion and cassava worth Bt500 million.
A joint venture would be formed by Thai and Chinese firms to invest Bt350 million in the production of watch parts and electrical wiring products in Thailand.
Junging Lu, chairman of the association, said China Science and Merchants would set up a fund worth US$3 billion (Bt102 billion) to provide loans to help Chinese investors purchase machinery for projects in Thailand. Thai firms and suppliers Thailand can also apply for financing, he said.
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