Oct 12, 2013

Thailand and China bilateral agreements on financial swap and visa exemption

Visiting Chinese Prime Minister said China plans to establish a Yuan Clearing Bank in Thailand to cope with business transactions between Thailand and China.  Bilateral trades are expected to top 100 Billion USD by year 2015. For Thailand, China is now the largest trading partner.

Thai Prime Minister Yingluck, said Thailand and China have also agreed on elimination of tourist visas between citizens of the two countries. In 2013, 5 million Chinese citizens are expected to visit Thailand.

Ref: Manager

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