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West TimelinesWest Timelines
Home»Business
Business

Thailand and New Zealand commit to enhancing economic partnerships and striving for ambitious trade objectives

April 18, 2024No Comments3 Mins Read
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Luxon expressed New Zealand’s support for Thailand’s stance on the Myanmar situation, saying that the two countries are committed to finding a peaceful resolution to the conflict. He also mentioned the importance of cybersecurity and the need for both countries to work together to combat transnational crime. In addition, the leaders emphasized the importance of cooperation in education, with agreements signed to increase collaboration in this area.

The two prime ministers highlighted the significance of the free trade agreement signed 20 years ago, which has resulted in a significant increase in trade between Thailand and New Zealand. They expressed their commitment to further expanding economic cooperation and setting ambitious goals for the future. With a target to triple two-way trade by 2045, both countries are optimistic about the potential for growth and development in their bilateral relationship.

In a move to facilitate trade and investment, Thailand and New Zealand announced plans to implement tariff-free entry for all Thai and New Zealand imports starting January 1. They also discussed the importance of resuming direct flights between the two countries, which were disrupted due to the pandemic. By enhancing visa arrangements and easing travel restrictions, both nations aim to strengthen their economic ties and promote greater connectivity.

During the meeting, the two leaders witnessed the signing of agreements to enhance cooperation in education and aviation supply, repair, and maintenance. These agreements signify the commitment of both countries to deepen collaboration in key sectors and explore new opportunities for partnership. The discussions also touched upon the situation in Myanmar, with Thailand closely monitoring developments on its border and working towards a peaceful resolution to the crisis.

The visit of New Zealand Prime Minister Christopher Luxon to Thailand marks a significant milestone in the bilateral relations between the two countries. With a focus on enhancing economic cooperation and strategic partnership, both leaders are committed to elevating their relationship to new heights. By setting ambitious goals for the future and working towards common objectives, Thailand and New Zealand are poised to strengthen their ties and create new opportunities for growth and development.

As Thailand and New Zealand look towards the future, the commitment to triple two-way trade by 2045 reflects their shared vision for a stronger and more prosperous partnership. By expanding cooperation in various areas such as trade, education, tourism, and cybersecurity, both countries are laying the foundation for long-term collaboration and mutual benefit. With a renewed focus on enhancing connectivity and increasing investment, Thailand and New Zealand are well-positioned to achieve their goals and unlock the full potential of their relationship.

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