Thailand Machinery and Intelligent Manufacturing Exhibition 2019
Exhibition name: Thailand Machinery and Intelligent Manufacturing Exhibition 2019
Venue: Bangkok International Trade and Exhibition Center, Thailand
Time: September 18-20, 2019
Thailand is known as the “heart of ASEAN” and the “umbilical cord of Asia”. It is an important participant in the “Belt and Road” initiative, and its GDP ranks second only to Indonesia among Southeast Asian countries. In recent years, the Thai government has launched measures to revitalize the economy, including the establishment of funds to assist private investment, corporate tax exemptions, etc., and has approved 10 industries as new engines for Thailand’s economic growth, including new-generation automobiles, smart electronic devices, medical and health tourism, agriculture and Biotechnology, food, robotics industries, etc. With the introduction of Thailand’s Industry 4.0, the injection of more overseas capital and technology will open a new chapter in Thailand’s machinery industry, and will also provide broad prospects for the export of China’s mechanical and electrical products manufacturing industry.
China is Thailand’s largest trading partner, and Thailand is China’s third largest trading partner among ASEAN countries. From January to August 2018, the bilateral trade volume between China and Thailand was 52.94 billion US dollars, an increase of 11.24%, of which Thailand’s exports to China were 20.07 billion US dollars, an increase of 6.25%; its imports from China were 32.87 billion US dollars, an increase of 14.52%.
The report shows that China’s direct investment in Thailand has grown rapidly in recent years, and China has become an important source of investment for Thailand. Thailand has attracted a large number of Chinese enterprises to invest and start businesses with its advantageous geographical location, favorable foreign investment environment, and preferential policies. China’s main investment fields are manufacturing and infrastructure construction, followed by finance and insurance, and real estate. In the future, China can use core technologies to invest in infrastructure upgrading projects in Thailand, and Thailand’s development planning projects will bring huge business opportunities to Chinese technology manufacturers.
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China and Thailand enjoy traditional good neighborliness and friendship. Under the strategic guidance of the leaders of the two countries, bilateral relations are entering a new era. At a time when the global manufacturing industry is undergoing profound changes, China Foundry Association’s first overseas self-organized exhibition in the foundry industry has entered Thailand, strengthening cooperation between Chinese and Thai enterprises, and realizing resource sharing and complementary advantages. Seize the opportunity of a new round of technological and industrial revolution, enhance the power of conversion of old and new production capacity, and promote the early realization of quality, efficiency, and power changes in the foundry industry in the entire Asia-Pacific region, including China and Thailand.
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