Saudi trade set to surge by 20%

Bilateral trade between Thailand and Saudi Arabia is forecast to surge by 20% this year after the two countries recently agreed to restore full diplomatic relations for the first time in more than three decades, according to a Commerce Ministry study. Ronnarong Phoolpipat, director-general of the Trade Policy and Strategy Office (TPSO) under the Commerce Ministry, said the TPSO has studied the opportunities to export products to the Saudi market. It found that Saudi Arabia, which had previously been one of Thailand’s export markets, could potentially help boost exports. He cited data from the …

Read More