Yingluck hopeful about Thailand’s chances in African market

Mozambique

Mozambique (Photo credit: F H Mira)

Prime Minister Yingluck Shinawatra has led Thai businessmen to explore trade opportunities in Africa on her official visit to Mozambique, Tanzania and Uganda. Ms Yingluck’s African trip is aimed at boosting economic, academic and political cooperation between Thailand and the three countries. The businessmen who are accompanying the premier are from various industrial groups, such as energy, construction, agro-products, automobile and jewelry.  The Thai prime minister said Africa is a continent with abundant natural resources and continuous economic growth. She added that Africa’s needs for academic and investment support from Thailand had created good opportunities for Thai businesses. PTT Exploration and Production (PTTEP), Thailand’s leading energy firm, has already begun 2-billion-baht investment in Mozambique after more than 100 trillion cubic feet of natural gas, or four times more than Thailand, was found there.  Apart from PTTEP, Italian-Thai Development is poised to build a railroad system and a deep sea port in Mozambique. The new port will become the continent’s largest sea port once completed and will be connected with Myanmar’s Dawei Deep Sea Port, resulting in a more convenient transportation of goods between Thailand and Africa. (Source)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s