- Posted October 6, 2013 by
Chile, Thailand strengthening Economic Partnership
The FTA was aimed at strengthening ties and economic partnership. Both leaders also stressed the importance of democracy and civil liberty.
Apart from the Thailand-Chile Free Trade Agreement, the two countries also inked a memorandum of understanding on academic cooperation.
Chile is Thailand’s 3rd largest trading partner among Latin American countries, only behind Brazil and Argentina, whereas Thailand is Chile’s largest trading partner among all ASEAN countries, with the two-way trade estimated to be around 1 billion US dollars a year.
In 2012, Chilean export to Thailand valued at 315 million US dollars, while Thai export to Chile totaled 715 million dollars.