Singapore, Thailand tighten regional economic connectivity

Singapore and Thailand should coordinate more closely to boost two-way trade and strengthen connectivity within the framework of the ASEAN Economic Community, said Singaporean Foreign Minister Vivian Balakrishnan. 

The diplomat made the statement during his two-day visit to Thailand from March 28-29. 
He suggested the two sides collaborate in issues related to the environment, agriculture and food security. 

During his stay, the minister met with Thai Prime Minister Prayut Chan-ocha and Deputy Prime Minister in charge of Economic and Foreign Affairs Somkid Jatusripitak. 

Thailand is Singapore’s ninth biggest trade partner in 2015, with bilateral trade hitting SGD29.6 billion (US$21.5 billion). 


The Bank of Thailand ranks Singapore the second largest foreign investor and the biggest ASEAN investor in Thailand, mainly in the areas of finance, insurance services, manufacturing and trade.
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