Thailand and New Zealand commit to enhancing economic relations and establishing ambitious trade targets | Global News

Thailand and New Zealand have pledged to strengthen their economic ties with the goal of tripling two-way trade by 2045. This commitment was made during the first visit of New Zealand Prime Minister Christopher Luxon to Thailand in 11 years.

Luxon met with his Thai counterpart Srettha Thavisin at the government house in Bangkok, where they discussed various aspects of cooperation, including trade, education, investment, visa arrangements, tourism, transnational crime, and cybersecurity.

Both leaders expressed their intention to elevate Thailand-New Zealand relations to a strategic partnership by 2026, coinciding with the 70th anniversary of their diplomatic relations. They highlighted the significant growth in trade between the two countries since the signing of a free trade agreement 20 years ago and announced an ambitious goal to triple two-way trade by 2045.

In addition to the trade goals, business delegations from both countries convened to explore opportunities for expanding economic cooperation. The leaders also agreed to facilitate tariff-free entry for all Thai and New Zealand imports starting January 1, as well as to enhance visa facilitation and resume direct flights between the two nations.

Furthermore, agreements were signed to enhance cooperation in education and aviation supply, repair, and maintenance. The leaders also discussed the situation in neighboring Myanmar, expressing concern over recent developments in the region.

Overall, the visit of the New Zealand Prime Minister to Thailand marks a significant step towards strengthening economic ties and fostering greater cooperation between the two nations.