From Crisis to Boom: Pichai and Chinese Ambassador Unite to Unlock Thailand’s E-commerce Potential Amidst Growing Concerns Over Chinese Online Products

“Pichai” joins Chinese ambassador to turn crisis into opportunity Unlock concerns about Chinese online products entering Thailand Ready to fully raise the level of trade, investment and tourism in Thailand, explaining that TEMU is setting up a company and officially registering it in Thailand.

On September 26, 2024, Mr. Pichai Naripthaphan, Minister of Commerce Statement after a meeting to discuss ways to expand economic, trade and investment cooperation between China and Thailand at Kitiyakornvoralak Meeting Room, 4th Floor, Office of the Permanent Secretary, Ministry of Commerce, together with Mr. Han Zhiqiang, Ambassador of the People’s Republic of China to Thailand and the group together with senior officials of the Ministry of Commerce Strengthen trade and investment relations between the two countries.

Pichai said the worrying issue is Chinese products entering Thailand. He discussed it in the House of Representatives I don’t want to think that China is the bad guy. After the debate in Parliament, he contacted the Chinese embassy. China is aware of the problems and is happy to have the opportunity to talk. with which Thailand and China have trade relations We have always been a good investment for each other. and continue in the future China has a large population. Economists expect China’s economy to grow even more. Therefore, we need to cooperate closely for the benefit of the two countries.

From the side of the Ambassador of the People’s Republic of China Thank you to the Ministry of Commerce for being the first to have the courage to speak on behalf of China. He believes that it should not be allowed to influence relations. We talked about trade and investment in Thailand. And Thailand asks China to import more Thai products to reduce the deficit. In the detail of importing goods from China, most of them are capital goods that we produce and resell. It is a proportion of hundreds of billions. We would like to see more investment from China in the CEE. China is currently the largest investor in Thailand, surpassing Japan. and invited them to invest in Thailand Especially semiconductor products and PCB (electronic circuit boards), there will be many more jobs. Help raise the income level of Thai people.

At the same time, Thailand has discussed opening channels for more Thai products to enter the Chinese e-commerce platform, which is now holding an event. International Live Commerce Expo 2024 “International Live Commerce Expo 2024” bringing Chinese influencers live to sell Thai products in Mitrtown from September 25 to 29, 2024, which on September 25 alone sold up to 320 million baht after the event will exceed 1,000 million baht to keep up with the changes in world trade. And Thailand will increase the number of influencers. To sell more products to sell products in China Including discussing investment and tourism in the last 7-8 months of this year There are already 5 million Chinese tourists visiting Thailand. It is expected that by the end of this year, the number will reach 8 million, which is Thailand’s main source of income.

The Minister of Commerce also revealed that he has also asked China to help him purchase agricultural products from Thailand. Since China has a large population, they can support many agricultural products from Thailand. Which China is happy about. And I want China to help develop human resources in Thailand to support technology as well. Help promote the government’s soft power policy, such as the recent film Lan Ma, which reflects the relationship between Thailand and China.

“Thailand and China have good relations with each other. If we have a good channel, they will be happy to cooperate. You want to have a good relationship with each other and with every country that comes in. We will have product inspection standards, including TIS and FDA, which will be applicable to every country. Not only China. China is willing to follow the government policy. Take care of the health and safety of the Thai people.”

Mr. Pichai also said that today we have turned the crisis into an opportunity. Strengthen cooperation between Thailand and China. To have a better understanding, China will allow more Thai SMEs to sell products through Chinese online platforms. This is an opportunity for Thailand to expand exports to China, providing Thai SMEs with more growth opportunities. Hopefully, this meeting will lead to greater prosperity between Thailand and China in the future.

While Mr. Han Zhiqiang said that he would like Thai people to see that trade and investment cooperation between China and Thailand Will bring development opportunities for Thai people. Help us improve the lives of Thai people. China is willing to share development opportunities and benefits with Thai people. Welcome Thailand to use various platforms. sell Thai products The media has reported negative news about trade and investment between China and Thailand. We attach great importance to China and Thailand. Try to find a proper solution. Find measures to control and manage. I don’t want it to be negative about trade and investment cooperation. It destroys the interests of both countries. We would also like to commend the Thai government and the Ministry of Commerce for their correct attitude and attention to solving problems. Let’s look at the overall picture of trade and investment between Thailand and China.

When asked about the situation of TEMU, Mr. Han Zhiqiang revealed that TEMU company has received the regulations and various requests that TEMU is coordinating with the relevant Thai parties. To meet the requests of the Thai party The company is established and officially registered in Thailand. Willing to cooperate with the Ministry of Commerce and other related ministries. To be strict in inspecting the products imported from abroad, apply the laws to control them according to Thai standards and laws.