NEW DELHI,25.09.19-Thailand signed MOUs between Association of Furniture Manufacturers & Traders, India and Thai Hevae Wood Association, Thailand-India Business Council and GlobalLinker to create an online platform for SMEs from both the countries.

India’s biggest online supermarket, bigbasket.comwill be signing an MOU in November 2019 with the Thai Ministry of Commerce to promote Thai products through Thai flagship stores on its platform.

Thailand’s service sector can supplement to India’s capabilities in areas such as agro-logistics and shipping services, distribution and warehousing, construction and interior decoration and hospitality services, which will have positive impacts on SMEs and the local economy.

H.E. Mr JurinLaksanawisit, Deputy Prime Minister and Minister of Commerce, Thailand said, “A trade war between the US and China is having adverse effect on global economy. It is India’s fortunate position as fundamentals of domestic economy is strong with over 1.3 bn population, so that the trade war will not have a significant impact on the economy. India has become an engine driving the global economic growth. This is a great opportunity for Thailand to explore and nurture trade partnerships and joint investments in the near future. Thailand is focusing on expanding the export base of key agro products like Rubber, Rubber Wood, Tapioca Starch and Construction Materials, Logistics Services to India.”

He also interacted with several Indian industry associations and players during the event.