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Mon 6 Jul 2009 02:59 PM

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Qatar and Thailand to increase trade ties

Countries draft new agreements to boost trade, Thailand's foreign minister says.

Qatar and Thailand to increase trade ties
DOHA DEAL: Qatar and Thailand have agreed to boost trade ties. (AFP)

Qatar and Thailand are set to increase their bilateral ties after the two countries drafted a number of agreements to boost trade, Thailand’s foreign minister said.

Kasit Piromya said that Thailand had reviewed existing agreements during a state visit to the Gulf country, and had drafted new agreements, according to the Gulf Times.

Last year trade volume between the two countries reached $3bn, making Thailand Qatar’s second largest trading partner.

“During my meeting with the Minister of State for Foreign Affairs HE Ahmed Abdullah bin Al Mahmoud, we reviewed our existing bilateral relations and concluded on opening a number of other new agreements such as the one on taxation and investments protection,” he said.

He added that Thailand was seeking cooperation with Qatar in various sectors including energy security, architecture and interior design.

“Our energy sector has signed a long-term contract with Qatar last year to secure the import of LNG to support our LNG terminal under construction which would become operational in 2011 and the first gas exploration is also expected the same year,” he added.

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