Thailand
and France signed five accords and memorandums of understanding during
the official visit of French Prime Minister Jean-Marc Ayrault to
Thailand on 4-5 February 2013.
The five agreements cover cooperation in defense,
production of four vaccines, research and development in agronomics,
vocational curriculum development, and education under which a number of
French teaching volunteers will come to teach in various schools in
Thailand between June and September 2013.
Prime Minister Yingluck Shinawatra emphasized Thailand’s good potential
for becoming a center in this region, saying that the country has many
infrastructure development projects linking ASEAN with South Asia and
East Asia.
She stated that Thailand plans to set up an aircraft industrial estate,
involving aircraft production, maintenance, and services. France was
urged to join the bidding of various development projects in Thailand.
France has shown interest in investing in Thailand’s infrastructure
development projects, especially electric train and high-speed train
systems.
Both countries shared the view that a free trade agreement would lead to
an increase in bilateral trade and investment between them. It is
expected that negotiations on Thailand-European Union FTA will begin in
the first half of 2013.
France currently ranks eighth in direct investment from European
countries in Thailand. Bilateral trade between the two countries in 2012
reached 150 billion baht, an increase of 22 per cent from 2011.
Thailand’s imports from France amounted to 100 billion baht, while its
exports to France came to almost 50 billion baht in 2012.
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