Shanghai looks at investment opportunities in Thailand

East China's Shanghai recently examined the raft of investment opportunities as well as trade with regional neighbor Thailand at an event held in the city.

Shanghai Municipal Commission of Commerce Deputy Director Zhu Yi attended a seminar called "Thailand's New Investment Promotion Measures: New Economy, New Opportunities" on April 4 and delivered a keynote speech.

The seminar was co-organized by the Board of Investment of Thailand and the Shanghai Municipal Commission of Commerce, to discuss bilateral commerce and trade between China and Thailand and to introduce Thailand's latest investment policies.

About 500 representatives from the Shanghai municipal government and business sectors of both countries attended.

Zhu Yi told the participants that Shanghai and Thailand had already established a multi-level, multi-channel and comprehensive cooperation framework for commerce and trade in recent years.

She said that Shanghai's enterprises were drawn by Thailand's strengths in food and agricultural products, as well as its attractive investment environment and preferential investment policies.

Zhu added that with the recent implementation of the Regional Comprehensive Economic Partnership, or RCEP trade pact – which is cutting tariffs between member countries – there would be even more opportunities for Shanghai and Thailand to do business.

She called for more trade, high-end industrial cooperation, joint ventures in innovation and the building of mutual understanding and trust between the business communities of both sides, in order to boost bilateral commerce and trade relations.