Thailand, Hong Kong sign MoU pacts on trade, investment

BANGKOK -- Thailand and Hong Kong on Friday signed six Memorandum of Understandings (MoUs) for the expansions in trade and investment links during the visit of Chief Executive of Hong Kong Special Administrative Region Carrie Lam to the country starting on Thursday.

The MoUs are related parties on trade and investment, finance, securities cross-listing, creativity, innovation, human resources development and startups.

Thai Deputy Prime Minister Somkid Jatusripitak and Carrie Lam at the Thai Government House in Bangkok, co-chaired the meeting of the Hong Kong-Thailand High-Level Joint Committee.

The meeting was attended by ministers of finance and industry as well as executives from Stock Exchange of Thailand, Securities and Federation of Thai Industries.

The Thai Ministry of Commerce had indicated that trade between Thailand and Hong Kong was valued at $15.5 billion in the year 2018, with exports estimated at $12.5 billion and imports $2.9 billion.

Somkid said on Friday that he is eyeing the value of the two-way trade to $20 billion by 2020.