 |
| A Montage of Positive News of other SEA Countries with China |
Thailand and Laos are both benefiting from the increased Trade brought about by the China-Laos Railway; Thailand signed their THIRD Mini-Free Trade Agreement (FTA) with a Chinese Province; Indonesia confirmed that they interested in joining the Brazil-Russia-India-China-South Africa (BRICS) Group of Economies; A Chinese Naval Destroyer Vessel visited Malaysia, and their Trade with China was worth Usd 204 billion in 2022 in this Installment of the South East Asia (SEA) and China Series, “Positive News about the Rest of South East Asia’s Relations with China, August 23, 2023”
* August 16, 2023: Both Thailand and Laos are benefiting from the China-Laos Railway which started Operations in December 2021 as travel time from Thailand to China from the previous two Days by Road to only 15 hours now. As a Result, Thailand’s export of Durian to China has increased by 365% in the first five Months of this Year of 2023 compared to the previous Year. Laos is also benefiting from Trade and Tax Opportunities offered by the Railway: https://www.bangkokpost.com/business/general/2630505
* August 17, 2023: Thailand just signed a Mini-Free Trade Agreement (FTA) with the Chinese Province closest to them, Yunnan. It only takes 4-5 hours to reach Thailand from Yunnan, and the Trade Volume between them in 2022 was already worth Usd 2.3 billion. Thailand also has Mini-FTAs with two other Chinese Provinces, Hainan and Shenzhen: https://www.pattayamail.com/thailandnews/thailand-signs-mini-fta-with-yunnan-province-in-southwest-china-438446
* August 19, 2023: Indonesia’s Deputy Minister of Trade Jerry Sambuaga officially confirmed recently that his Country is interested in joining the Brazil-Russia-India-China-South Africa (BRICS) Group of Economies to explore Opportunities and expand non-Traditional Markets like Africa and Latin America: https://en.antaranews.com/news/291459/indonesia-has-interests-in-joining-brics-ministry
* August 19, 2023: The Type 052D class Destroyer “Nanning” of the People’s Liberation Army Navy (PLAN) of China together with a Frigate and a Supply Ship just docked at the Port Klang in Malaysia. They were welcomed by the Royal Malaysian Navy (RMN) in a Reception that included a Chinese Cultural Show, a Martial Arts Display and Singing Performances: https://www.nst.com.my/news/nation/2023/08/944772/friendship-sea-china-malaysia-naval-exchange-strengthened-pla-ship
* August 20, 2023: China’s Ambassador to Malaysia Ouyang Yujing recently said that the overall Trade Volume between China and Malaysia reached Usd 204 billion in 2022. There has been a steady increase in the Trade between the two Countries in the last three Years, it was Usd 131 billion in 2020 and then Usd 178 billion in 2021: https://www.malaymail.com/news/money/2023/08/20/malaysia-china-trade-volume-exceeds-rm930b-in-2022-says-envoy/86255
Just for comparison, Trade between the Philippines and China was at only Usd 65 billion in 2021, or about only HALF of that between China and Malaysia: https://oec.world/en/profile/bilateral-country/chn/partner/phl
SOURCES:
Check out the Links to my other Social Media Accounts at https://linktr.ee/rhk111
If you like my Work, buy me a Coffee to help support it at https://www.buymeacoffee.com/rhk111
No comments:
Post a Comment