Indo-Thai trade estimated to hit Rs 50,000-cr by 2010: Nuntawan

HYDERABAD: Trade between India and Thailand is estimated to reach Rs 50,000 crore from present Rs 30,000 crore by 2010, Director of Trade Negotiation Nuntawan Sakuntanaga said today.

Addressing the members of Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) at a meeting here, she said free trade agreement between India and Thailand signed in 2003 resulted in creating significant business and increase in the level of two-way trade between the two countries.

There are several opportunities for collaboration in sectors like gems and jewellery, chemicals and petrochemicals, automotive and auto components and Tourism, she said.

Chairman, International Trade and Relations Committee, FAPCCI, Srinivas Ayyadevara said that the enlargement of Free Trade Agreement by adding 3,000 other items will definitely boost the trade and investment between the two countries.