Saudi-Thai Economic and Trade Committee Holds First Meeting

The Saudi-Thai Economic and Trade Committee of the Saudi-Thai Coordination Council held its first meeting today in the Thai capital, Bangkok. The meeting was attended by Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah and Minister of Foreign Affairs of Thailand Maris Sangiampongsa.

 The meeting was chaired by General Authority of Foreign Trade (GAFT) Deputy Governor for International Relations Abdulaziz bin Omar Al-Sukran and Thai Ministry of Commerce Permanent Secretary Vuttikrai Leewiraphan.

 The committee aims to strengthen trade relations between the Kingdom of Saudi Arabia and the Kingdom of Thailand by exchanging expertise; fostering cooperation in economic and developmental fields; promoting food, health, and halal products; advancing industrial development; involving the private sectors of both countries in trade fairs and conferences; and addressing trade obstacles and challenges facing both nations.

 The volume of trade between Saudi Arabia and Thailand reached more than $6 billion by the third quarter of 2024. Prominent Saudi exports included mineral products and fertilizers, while major Thai imports to the Saudi market included automobiles and their parts, as well as machinery and mechanical tools and their components.