THAILAND and Papua New Guinea have committed to double their nations’ bilateral trade by 2017 after a meeting on the sidelines of the Asia-Pacific Economic Cooperation (APEC) in Beijing in November.
Prime Minister Peter O’Neill and his Thai counterpart Prayut Chan-o-cha met to discuss boosting trade to US$720 million within three years, and sign agreements on fisheries cooperation and strategies to end tax duplication, MCOT reported.
A Thai government spokesman said economic cooperation was the main issue on the table at the discussion.
The spokesman said Thailand would sign a pact on fisheries cooperation and was prepared to end tax duplication, and negotiate mutual investment promotion and protection.
General Prayut also invited Papua New Guinea officials and business representatives to visit Thailand to build relations.