(MENAFN) According to Chinese Premier, China and Thailand have agreed to kick start mutually beneficial cooperation on agro-product trade and railway, QNA reported.
China eyes deeper cooperation with Thailand and hopes for a more balanced bilateral trade and economic relationship, the Premier told reporters after meeting with Thai Prime Minister in Bangkok.
The two governments signed a memorandum of understanding on farm produce trade cooperation. China has agreed to double its purchase on the basis of the volume the two sides agreed upon last year.
China expects the new initiative to empower both China and Thailand to resist risks of international market fluctuations and help improve the livelihood of Thai farmers, he said.
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