Thailand and Hong Kong signal five commerce agreements

PHOTO: TNA.mcot.internet
Thailand has signed five MoUs (memoranda of understanding) with Hong Kong, in a commitment to forge “greater financial ties between various artistic, technological and growth agencies” in each countries.
The Nation reviews that the MoUs have been signed by Deputy PM Somkid Jatusripitak and Hong Kong CEO Carrie Lam, as they co-chaired the 1st Thailand-Hong Kong Special Administrative Region Summit, held at Government House in Bangkok yesterday.
Also in attendance had been Thailand’s Finance Minister Uttama Savanayana, together with the Higher Education, Science, Research and Innovation Minister Suwit Mesinsee, and Industry Minister Suriya Juangroongruangkit.
According to Remote , talks have been centered on joint cooperation between the two countries within the following areas:
• Trade and investment: Both events agreed to push the commerce value to exceed US$20 billion by 2020 and mentioned the potential of drawing up a Thailand-Hong Kong free trade settlement, in addition to adjusting the terms of investment protection for the personal sector to swimsuit the current state of affairs.
• Production base migration: Both events agreed to advertise cooperation amongst private sectors to trade applied sciences, services and activities that improve the effectivity of both Thai and Hong Kong entrepreneurs.
• Finance: Both parties will work together to ascertain a firm connection between every other’s inventory and capital markets via innovative investment merchandise, regulatory mapping and green funding.
• Innovative economy: It was noted that each Thai and Hong-Kong residents have strong creative powers especially in cinema, advertising and design and that these need support from the federal government in addition to including value to create associated services and products.
No risk and technological start-up: Both events acknowledge the significance of creating innovative and technological ecosystems and agreed to make use of Hong Kong Cyberport and Innospace Thailand as beginning platforms to advertise start-up enterprises by way of cooperative research and data sharing..

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