Minister of Commerce prepares to lead a delegation to invade Hong Kong to further expand business in the market.

Nonthaburi Minister of Commerce Prepare to fly to Hong Kong Lead the team to expand the movie-series business. and expand the agricultural product market into Hong Kong 10-12 March, confident that the Hong Kong market has the opportunity to expand the value of trade between them. Mr. Wittayakorn Maneenet, spokesman for the Ministry of Commerce, revealed that Mr. Phumtham Wechayachai, Deputy Prime Minister and Minister of Commerce will lead a commercial team to visit the Hong Kong Special Administrative Region Between 10-12 March 2024, to strengthen trade relations between Thailand and Hong Kong. There will be bilateral discussions with the Deputy Prime Minister for Economic Affairs and the Minister of Commerce and Economic Development of China, Hong Kong. as well as finding opportunities to push Thai products and services into the Hong Kong market. especially from small entrepreneurs and will attend the Hong Kong film festival FILMART2024 to continue the cooperation in pushing Thai Y series to the world lev el. Previously, cooperation agreements with My-Apo and Freinbeck had already been signed. For creating opportunities for Thai products in the Hong Kong market, on March 10, 2024, Mr. Phoomtham will witness the signing of an MOU between Big C and 10 Thai exporters, which is a successful outcome of the commercial team supporting SMEs and businesses. Watch Thai people enter the Hong Kong market and co-chaired the opening ceremony to promote the sale of Thai products at Big C Department Store, Tsim Sha Tsui branch. This is a collaborative activity between the Department of International Trade Promotion and all Big C department stores in Hong Kong. March 11, 2024 will witness the signing of an MOU between the Department of International Trade Promotion and the Hong Kong Trade Development Council (HKTDC) to support trade between three areas: 1) exchange of trade information 2) support. trade activities of SMEs and 3) cooperation in promoting trade through the e-commerce system In addition, he will visit the Hong Kong International Film and TV Market 2024 (FILMART2024) and meet with Thai entrepreneurs participating in the FILMART event at the Thailand Pavilion, a total of 27 companies, divided into 9 companies producing and distributing films and animation. Production of programs and television dramas, 10 companies, services related to movies and videos, 8 companies, of which companies that produce Y series can join. Continuing from the signing of cooperation in pushing Thai products to the world level through the Y series. The expected results are the creation of no less than 200 trade negotiations and the value of trade negotiations of not less than 800 million baht. As for March 12, 2024, there will be a meeting to discuss with the Hong Kong Rice Traders Association. and visited the CMGWT rice warehouse to discuss the rice trade situation in Hong Kong. In 2023, Hong Kong imported 257,200 tons of rice from around the world, including imports from Thailand 148,500 tons (57.7 percent), China, Vietnam 60,100 tons (%) 23.4) and from China 21,200 tons (8.2 percent) and is the third largest export market for jasmine rice in Thailand after the United States and China. Currently, Hong Kong is Thailand's 13th trading partner (and its 7th export market). Thai-Hong Kong trade in 2023 has a total value of 13,708 million US dollars (473,379 million baht), an increase of 6.94 percent, divided into exports. The value 11,096 million US dollars (382,429 million baht), an increase of 10.04 percent, and imports of 2,612 million US dollars (90,949 million baht), a decrease of 5.04 percent, with Thailand having a trade balance of 8,484 million US dollars (291,480 million baht), Thailand's main export product. The first 5 things to go to Hong Kong are: 1) Gems and jewelry 2) Electrical circuit boards 3) Computers Equipment and components 4) Computers Equipment and components 5) Reciprocating internal combustion engines and their components And the main 5 Thai imported products from Hong Kong are 1) jewellery, gems, silver bars and gold 2) gemstone jewelry 3) electrical machinery and components 4) machinery and components 5) other metal ores. Scrap metal and products, etc.-514-Thai News Agency Source: Thai News Agency