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China-Thailand comprehensive strategic partnership forges ahead

Post Time:2022-11-22 15:16:06

2022 marks the 10th anniversary of the establishment of China-Thailand comprehensive strategic partnership.

Xu Ningning, Executive President of the China-ASEAN Business Council and Chairman of the RCEP Industry Cooperation Committee, recently said that the relations between the two countries have developed comprehensively and deeply in the past ten years, especially in the past nine years, the joint construction of the Belt and Road has continuously upgraded the bilateral relations to a new stage. China and Thailand have strong economic and trade complementarity, China has been Thailand's largest trading partner for nine consecutive years, and China is the largest export market for Thai agricultural products and a major source of foreign investment. From January to October 2022, China's trade volume with Thailand increased by 4.9% year-on-year.

In June this year, the RCEP Industry Cooperation Committee, the China-ASEAN Business Council and the Royal Thai Embassy in Beijing co-hosted the China-Thailand Cooperation Forum. At the forum, Chinese Ambassador to Thailand Han Zhiqiang, Thai Ambassador to China Arthayudh Srisamoot and Xu Ningning delivered speeches.

In his speech, Ambassador Han Zhiqiang said that China and Thailand are good neighbors, good brothers and good partners. The two countries have joined hands to fight the COVID-19 pandemic, jointly promote economic recovery, and the comprehensive strategic cooperative partnership has continued to develop. China-Thailand economic and trade relations have formed a multi-level, multi-channel and all-round cooperation pattern. The two countries have vigorously carried out the Belt and Road interconnection construction, and have achieved outstanding results in cooperation in infrastructure, industrial investment, digital economy, agriculture, e-commerce and other fields.

Ambassador Han Zhiqiang pointed out that China-Thailand economic and trade cooperation has shown a strong momentum of development in overcoming the impact of the pandemic. With the implementation of the Regional Comprehensive Economic Partnership (RCEP), the opening of the China-Laos high-speed railway, and especially with the deepening of the respective economic development strategies of China and Thailand, mutually beneficial cooperation between China and Thailand is facing historic new opportunities.

In his speech, Ambassador Arthayudh Srisamoot said that economic cooperation is at the core of Thailand-China relations, with bilateral trade volume of US$131.79 billion in 2021, an increase of 33% year-on-year. Before the pandemic, China was Thailand's largest source of tourists. China was Thailand's second largest source of direct investment in 2021, with applications of US$1.168 billion, up 25% year-on-year.

Ambassador Arthayudh Srisamoot put forward four suggestions for the stable and sustainable development of economic cooperation between Thailand and China in the new era: first, local cooperation between Thailand and China should be promoted; Second, more and better use of FTAs should be made; third, the two sides should promote cooperation in bioeconomy, circular economy and green economy; fourth, the two sides should expand regional cooperation.

Xu Ningning put forward five suggestions on enhancing economic and trade cooperation between the two countries:

The first is to accelerate connectivity, deepen the coordination of the Belt and Road Initiative with development strategies such as Thailand 4.0 and Eastern Economic Corridor, accelerate the construction of China-Thailand railway cooperation, accelerate the cooperation on product standards certification, and facilitate personnel and cargo exchanges between the two sides in enhancing anti-epidemic cooperation.

The second is to strengthen industrial cooperation, establish a cooperation mechanism for major industries of the two countries, improve the level of cooperation between industry business associations, create a new industrial chain with complementary advantages through industrial cooperation, and drive the development of digital economy, green economy and small and medium-sized enterprises with industrial cooperation.

The third is to increase two-way investment, expand the scale of investment and drive the expansion of trade scale, at present, all relevant parties of the two countries, including local governments and industry business associations, hold more online and offline investment promotion projects.

Fourth, enterprises of the two sides should make good use of the free trade agreement policy, especially the RCEP policy, and the enterprises of the two sides should cooperate to develop the markets, regional markets and even international markets of the two countries. Thailand will hold the rotating chair of the Asia-Pacific Economic Cooperation (APEC) Summit in 2022, with the theme of "Openness-Connectivity-Balance", and it is hoped that enterprises from both sides will actively cooperate in the Asia-Pacific economy.

Fifth, the two sides will deepen people-to-people exchanges and cooperation, including cooperation in tourism, culture, media, youth, think tanks and other fields, and further consolidate the social foundation for consolidating and developing the comprehensive strategic partnership between the two countries.


History of Friendship 


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In May 2022, Xu Ningning, Executive President of the China-ASEAN Business Council and Chairman of the RCEP Industry Cooperation Committee, met with Thai Ambassador to China Arthayudh Srisamoot to exchange matters related to cooperation between the two countries to seize new opportunities brought by the implementation of RCEP.


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In 2021, the Thai ambassador to China met with Xu Ningning.


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In Beijing 2019, at the Royal Thai Embassy in Beijing, Xu Ningning met with the Thai Ambassador to China.


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In Bangkok 2019, at the Chinese Embassy in Bangkok, Xu Ningning met with the former Thai ambassador to China.


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In Bangkok 2019, at CP Group, Xu Ningning Ning and the Group Advisor (former Thai Ambassador to China).


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In 2019, Xu Ningning talked with the president of the Thai-Chinese Friendship Association and former deputy prime minister of Thailand.


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In Shanghai 2018, Xu Ningning was invited to attend the opening ceremony of the Shanghai branch of Siam Commercial Bank and talked with the then Thai ambassador to China.


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In 2015, Xu Ningning met with the then Thai ambassador to China to discuss China-Thailand economic and trade cooperation under the Belt and Road.


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In Bangkok 2013, the then Deputy Prime Minister and Minister of Commerce of Thailand met with Xu Ningning to discuss and enhance China-Thailand economic and trade cooperation.


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In 2012, during the China-ASEAN Forum in Bangkok, Thailand, Xu Ningning Ning spoke with Pisanu Rienmahasarn, former Thai Commercial Counselor to China. Pisanu Rienmahasar was Thailand's Commercial Counselor in China 20 years ago, and in 1992 attended the seminar on economic and trade cooperation between China and Southeast Asia under the chairmanship of Xu Ningning.


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In 2011, the 2011 China-ASEAN Celebrating New Year Activity was held in Beijing. At the activity, the ASEAN Beijing Committee conferred Xu Ningning the "Outstanding Contribution Award for China-ASEAN Cooperation". The then Chairman-in-Office of the ASEAN Beijing Committee and the Thai Ambassador to China, on behalf of the embassies of 10 ASEAN countries in China, read out the decision on commending Xu Ningning's outstanding contributions in enhancing China-ASEAN cooperation in the past 20 years, and presented Xu Ningning with a medal. This is also the first time that the 10 ASEAN countries have jointly conferred this award. The ASEAN Beijing Committee is composed of the ambassadors of the 10 ASEAN countries to China and is one of the ASEAN dialogue and cooperation mechanisms with China.


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In 2010, at the Royal Thai Embassy in Beijing, Xu Ningning discussed China-Thailand economic and trade cooperation with the then Thai ambassador to China.


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In 2002, at the Royal Thai Embassy in Beijing, then Thai Ambassador Don Pramudwinai met with Xu Ningning to discuss the promotion of China-Thai economic and trade cooperation. Don Pramudwinai is Thailand's Deputy Prime Minister and Foreign Minister.



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