Plan for 2022: Department of Trade Negotiations pushes forward to open new FTA negotiations, expanding trade and investment opportunities
Thai exports in 2021 continued to grow strongly amid the global economic recovery, resulting in continuous purchase orders from Thailand's trading partners.
Revealing the picture of Thai exports in 2019, it was valued at 23,036 million US dollars, or expanded by 17.1%.
In terms of the opening of the Laos-China railway, it will definitely have an impact on Nong Khai border trade because in 2020, the value of Thai-Laos trade was 190 billion baht, with Thailand having a trade surplus of 17 billion baht.
The China-Laos Railway, also known as the Boten-Vientiane Railway, officially opened its doors on the first day of service, coinciding with the 46th anniversary of Lao National Day.
The 5th Mekong Bridge Project (Bung Kan, Borikhamxay) has progressed approximately 20% overall and is expected to be completed in 2023.
It is one of the factors that makes e-Commerce, especially Cross-Border e-Commerce in China grow rapidly. From statistics, it is found that from 2015-2020
Thai export figures for August 2021 were valued at 21,976 million US dollars, an increase of 8.93% compared to the same period last year.
Shanghai Railway launched the China-Europe freight train service on September 28, 2021, departing for Hamburg, Germany.
Currently, the transportation of goods between EEC and China mainly uses sea and road because the railway still has limitations in its use. Most routes are still single-track railways.
