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Economic Watch: China, Thailand expect more cooperation, business opportunities

People visit the Thailand Garden during the "Thailand Day" event at the Beijing International Horticultural Exhibition in Beijing, capital of China, July 28, 2019. (Photo by Ren Chao/Xinhua)

Bilateral trade of China and Thailand stood at 66.4 billion U.S. dollars in the first nine months of this year, up 1 percent from last year.China's imports from and exports to Thailand in the same period rose 0.8 percent and 1.2 percent, respectively.

BEIJING, Nov. 3 (Xinhua) -- China and Thailand have long engaged in friendly relations and trade cooperation and are looking forward to further development in their ties alongside strengthening regional cooperation.

Bilateral trade of the two countries stood at 66.4 billion U.S. dollars in the first nine months of this year, up 1 percent from last year.

China's imports from and exports to Thailand in the same period rose 0.8 percent and 1.2 percent, respectively.

China's trade ties with Thailand have been steady over the years, buoyed by a long friendly relationship between the two countries and the China-ASEAN Free Trade Agreement (CAFTA), said Yuan Bo, a researcher with the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce.

The two countries lifted tariffs on fruit and vegetable trade with each other since 2003 in accordance with relevant preferential tariffs treatment under the CAFTA, seven years earlier than the eventual founding of the China-ASEAN free trade zone.

[ Editor: ZY ]