- Posted October 12, 2013 by
Thai Rice and Rubber for China's Economic Needs
Li Keqiang, who became China's Premier in March, is the first foreign leader to give a speech in Thailand's Parliament in at least ten years.
Prime Minister Yingluck Shinawatra received favorable news that China will import one million tons of rice. Li Keqiang also plans to import approximately 600,000 tons from Thailand.
The two Governments also signed memorandums of understanding on cooperation in railway projects, investment, energy, culture and other areas.
"China has expressed interest in helping to develop the high-speed railway. On this, in principle, Thailand is willing to work with them at the government level and is asking to pay part of the expenses with agricultural produce," Yingluck told reporters after meeting with Li.
Bilateral trade between Thailand and China this year totaled 70 billion US dollars which increased eight-fold compared to last year’s figure as China is Thailand’s main importer for rubber.