‘Thailand-Bhutan’ announces success in opening FTA negotiations, aiming to increase the amount to 120 million dollars in 2025.

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Bhutan, Deputy Minister of Commerce is pleased with the results of discussions with the Prime Minister of Bhutan. Welcome Thailand-Bhutan Announcing the official opening of FTA negotiations. Confident to support increased trade on both sides Walking towards the goal of 120 million US dollars by 2025 and asking to help support Thai investors. Investing in the "Gelefu My Fullness City" project, confirming that Thailand is willing to encourage more tourists to visit Bhutan. Mr. Naphinthorn Srisanpang, Deputy Minister of Commerce Said after meeting with Mr. Tshering Topgay, Prime Minister of Bhutan, that the Prime Minister of Bhutan is pleased that Thailand and Bhutan have signed the scope document for negotiations on the Thailand-Bhutan Free Trade Agreement (FTA) and announced the opening of negotiations on the FTA. Free Trade Agreement (FTA) between Thailand and Bhutan officially Thailand sees that the Thailand-Bhutan FTA agreement will be an important mechanism for increasing the volume of trade between them . Reduce trade barriers To expand opportunities and facilitate trade Especially agricultural products and the Thailand-Bhutan FTA will help drive trade to reach the goal of USD 120 million. by expediting the conclusion of FTA negotiations within 2025 The Prime Minister of Bhutan stated that Bhutanese view Thai products as quality products. and like Thai products Meanwhile, Bhutanese agricultural products are High End organic products derived from nature. Happy to help support the promotion and sale of Bhutanese agricultural products in Thai supermarkets. They also discussed the construction project for Gelephu Mindfulness City, located in southern Bhutan. next to India It is planned to be an economic center and gateway for tourists visiting Bhutan. And there are plans to construct major projects such as a new international airport. hydroelectric power plant Transportation routes and will be Bhutan's first smart city. Thailand saw that The Gelephu Mindfulness City construction project has several outstanding points that help attract foreign investors, such as its strategic location next to the Indian border. and giving importance to clean energy use This will reduce the cost of producing electricity and protect the environment. It also asked Bhutan to share information on incentives. and regulations related to doing business and investing in such projects. Currently, Thailand has a policy to encourage businessmen and investors to conduct business abroad. This project is interesting and the Thai business sector has the potential to be a partner in developing this construction project. Thailand has praised Bhutan's practices in promoting and developing sustainable tourism. This has made Bhutan successful in becoming one of the target countries for foreign tourists. including Thai tourists We are happy to support the promotion of Bhutanese tourism in Thailand. Currently, Thailand and Bhutan have strong relations at all levels. From the royal family to the people Including Buddhism and cultural closeness as a link between the two countries is an important foundation that leads to the development of Thai-Bhutan relations. in many dimensions, including economic cooperation Trade and investment travel Developing potential in agriculture and handicrafts Bhutan sees that Thailand and Bhutan are continuously exchanging high-level visits. And Thailand is considered the Gateway of Bhutan, with many Bhutanese traveling to Thailand to receive medical services, do business, and travel. and interested in participating in the Tourism Festival in Thailand to promote Bhutanese tourism in Thailand Thailand welcomes Bhutan's progress towards officially becoming a developing country in December 2023, confident that with His Majesty King Jigme Khesar Namgyel Wangchuck's far-reaching vision, Bhutan will achieve its goal of becoming a developing country. High-income countries within the coming year 2034 Source: Thai News Agency