Thailand wants to boost investment cooperation with Australia, Laos
Thai Prime Minister Srettha Thavisin has met with leaders and representatives of enterprises of Australia and leaders of ASEAN member states at the ongoing 2024 ASEAN-Australia Special Summit in Melbourne to boost investment cooperation of Thailand with Australia and other countries in the region.
Australia's Prime Minister Anthony Albanese, right, greets Thailand's Prime Minister Srettha Thavisin during the leaders' arrival at the ASEAN-Australia Special Summit, in Melbourne, Australia March 5, 2024 (Photo: Reuters)
Bangkok (VNA)– Thai Prime Minister Srettha Thavisin has met with leaders and representatives of enterprises of Australia andleaders of ASEAN member states at the ongoing 2024 ASEAN-Australia SpecialSummit in Melbourne to boost investment cooperation of Thailand withAustralia and other countries in the region.
In his talks with hisAustralian counterpart Anthony Albanese on March 5, PM Sretthaexpressed Thailand's readiness to promote trade, investment, tourism, andbilateral cooperation on technology and innovation under the Joint Declarationon the Strategic Partnership between the two countries.
Regarding theThailand-Australia Free Trade Agreement (FTA), which has boosted bilateraltrade growth by 186%, Srettha noted that efforts will be made to improve theagreement in line with the changing circumstances.
The Thai PM also metwith leaders of some of Australia's leading businesses such as Fortescue, aglobal green energy and metals mining company that also makes electric vehiclebatteries; and Linfox, Asia Pacific's largest private logistics company, whichhas had regional offices in Bangkok since 1993.
Within the frameworkof the summit, the PM discussed a series of bilateral projects with his Laocounterpart Sonexay Siphandone.
On his personal socialmedia account, Srettha said the project to build a new railway bridge over the MekongRiver is being studied to facilitate traffic between Thailand and Laos, whilethe fifth Thai-Lao Friendship Bridge will open to traffic this year.
The construction ofthe road connecting Thailand's Bueng Kan province with Laos's Bolikhamsaiprovince is nearly complete. He also askedLao Prime Minister Sonexay Siphandone to speed up the identification of theJoint Control Area (CCA) location to reduce transportation costs between thetwo countries.
Earlier, PM Srettha also held talks with his Malaysian counterpart Anwar Ibrahim anddiscussed tourism coo⛦peration under the "six countries, one destination"initiative to promote joint tourism between Laos, Cambodia, Myanmar, Thailand,V🐬ietnam, and Malaysia/.
Australia on March 5 announced its plan to increase investment in the Association of Southeast Asian Nations (ASSEAN) by setting up a 1.3-billion-USD finance package to boost trade and investment in the region.
Australia will continue supporting the ASEAN Outlook on Indo-Pacific and working to ensure stability and peace in the region, Australian Prime Minister Anthony Albanese has said.
The Australian Government will support 38 community, university and business projects to strengthen collaboration between Australia and the Association of Southeast Asian Nations (ASEAN) which have been awarded funding through the Australia-ASEAN Council and the Australia-Indonesia Institute.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.