PM Prayut Chan-o-cha in London Talks

PM Prayut Chan-o-cha in London Talks

PRIME Minister Prayut Chan-o-cha visited 10 Downing Street this week in trade talks with his British counterpart Theresa May who said negotiations started on establishing Thai-British Free Trade Agreement (FTA), INN News reported yesterday, June 21, 2018.

Photos: INN News

Thailand’s trade with Great Britain has a good long history and Theresa May said she has confidence in Thailand 4.0 policy and is willing to support British private sector to invest and develop the Eastern Economic Corridor (EEC).

This could be a great opportunity for Thailand if the Thai government utilise the multiple flights from Bangkok to London daily.

This could include most fresh fruit and vegetables currently  imported from within the EU, which will be a significant blow to the EU council. Grown in mass, Thailand could supply all imported salads, vegetables and fruit, not to mention coffee, rubber and other commodities and should the US impose any sanctions, Thailand could also capture the Orange Juice market too.

May also told Gen Prayut that she has been following Thai political and economic developments closely and is certain that Thailand is moving towards a strong democracy.

Meanwhile Gen Prayut praised May for being a strong leader and able to obtain the best conditions for UK in talks on separating from European Union.

This opportunity would be very beneficial for the Thai economy but it will need government assistance in coordinating exportation.

He added that the Global Britain policy which upholds free trade is a good opportunity for UK to enhance trade with other countries both within Europe and other continents.

Gen Prayut also raised the issue of education which Thailand wants to join hands with UK in developing for further progress of the country and as a mechanism to drive economic growth.

Photos: INN News