Iran new potential market for Thailand

Reporting "Asre Khodro", Ms. Anong Paijitprapapon, Deputy Director General of Department of Industry Promotion of Thailand Ministry of Industry, answered some questions on Tehran-Bangkok trade ties and its prospect after removal of sanctions.

How do you analyze Iran-Thailand current economic and industrial ties?

According to latest statistics (May 2015-April 2016) from Thailand's Ministry of Commerce, Thailand has exported about USD 201 million’s worth of products to Iran while the total import value of Iranian goods was about USD 81 million.

Thailand’s top 10 exports to Iran in 2016 include wood and wood products, canned and processed fruits, rubber products, rubber, beverages, fresh, chilled, frozen and dried vegetables, batteries and battery parts, shoes and shoe parts, cars and automotive parts, and compressors.

Meanwhile, Thailand’s top 10 imports from Iran in 2016 have been iron, steel and products, plants and plant products, chemicals, fresh, chilled, frozen, processed, semi-processed aquatic animals, fruits and vegetables, other fuels, medical and pharmaceutical products, other textile products, cars and automotive parts, and compressors.

It is still expected that the export and import values between two counties would increase continuously.

What are the main fields of interest for Bangkok in Iran’s market?

Thailand has high potential to produce various types of products, especially consumer goods. Therefore, the major targets in Iranian market could be any products which are interested by Iranian consumers, such as cosmetic.   

Does Thailand have any plans to increase its share in Iran’s market? And how the Ministry of Industry would contribute to this?

Based on the policy, Thai government would like to build up a trading relationship with Iran, which is recognized as a new potential market for Thailand. Ministry of Industry realizes the importance of this direction and thus will play a vital role in promoting relevant activities to support the national policy.

How do you analyze lifting of anti-Iran sanctions would affect the issue?

Lifting anti-Iran sanctions would definitely boost up Thailand-Iran relations, particularly Thai-Iranian trade value.

Source: mehrnews.com