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Saudi, Thai Officials Discuss Free Trade Agreement between GCC, Thailand

Saudi Minister of Commerce, Majid al-Qasabi with Deputy Prime Minister and Minister of Commerce of Thailand Jurin Laksanawisit (SPA)
Saudi Minister of Commerce, Majid al-Qasabi with Deputy Prime Minister and Minister of Commerce of Thailand Jurin Laksanawisit (SPA)
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Saudi, Thai Officials Discuss Free Trade Agreement between GCC, Thailand

Saudi Minister of Commerce, Majid al-Qasabi with Deputy Prime Minister and Minister of Commerce of Thailand Jurin Laksanawisit (SPA)
Saudi Minister of Commerce, Majid al-Qasabi with Deputy Prime Minister and Minister of Commerce of Thailand Jurin Laksanawisit (SPA)

The Saudi Minister of Commerce, Majid al-Qasabi, discussed on Sunday in Riyadh with Deputy Prime Minister and Minister of Commerce of Thailand Jurin Laksanawisit the ways to strengthen fraternal ties between the two countries at the governmental and private levels.

The two officials discussed the possibility of signing a free trade agreement between the Gulf Cooperation Council (GCC) countries and Thailand.

Interlocutors addressed the ways of boosting cooperation in commercial and investment fields, including agriculture, industry, tourism, food industries, and entrepreneurship for small and medium enterprises.

The meeting was attended by Minister of Tourism Ahmed Bin Aqeel al-Khateeb, Minister of Investment Khalid al-Falih, Minister of Human Resources and Social Development Ahmed al-Rajhi, and Minister of Industry and Mineral Resources Bandar al-Khorayef.

The meeting was also attended by Governor of the Saudi Standards, Metrology and Quality Organization (SASO) Saad al-Qasabi, CEO of the Saudi Food and Drug Authority (SFDA) Hisham al-Jadhey, and Chairman of the Federation of Saudi Chambers Ajlan al-Ajlan.

More than 200 representatives of Saudi and Thai companies participated in the Saudi-Thai Business Forum held Monday at the Federation of Saudi Chambers headquarters in Riyadh.

The forum aims to encourage commercial partnership between the two countries' business sectors, sign bilateral partnership agreements, and discuss prospects for cooperation in various economic sectors.

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Saudi Arabia Stresses Determination to Expand Investments in US in the Next 4 Years

Custodian of the Two Holy Mosques King Salman bin Abdulaziz chairs the cabinet meeting in Jeddah. (SPA)
Custodian of the Two Holy Mosques King Salman bin Abdulaziz chairs the cabinet meeting in Jeddah. (SPA)
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Saudi Arabia Stresses Determination to Expand Investments in US in the Next 4 Years

Custodian of the Two Holy Mosques King Salman bin Abdulaziz chairs the cabinet meeting in Jeddah. (SPA)
Custodian of the Two Holy Mosques King Salman bin Abdulaziz chairs the cabinet meeting in Jeddah. (SPA)

The Saudi government underlined on Tuesday its determination to expand its investments and trade relations with the United States in the next four years.

Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting in Jeddah.

Saudi Arabia will dedicate over $600 billion, including mutual deals and investments worth over $300 billion, in investments as announced last week during the Saudi-US Investment Forum in Riyadh.

The cabinet hailed the Saudi-US summit that was held during US President Donald Trump’s visit to the Kingdom last week. Saudi Arabia was his first official overseas trip since his reelection.

The ministers also praised the signing of the strategic economic partnership agreement between Saudi Arabia and the US and the various deals that were announced during the trip.

At the start of the cabinet meeting, King Salman expressed his gratitude to Trump for accepting his invitation to visit the Kingdom. He lauded the talks that were held between Prince Mohammed bin Salman, Crown Prince and Prime Minister, with Trump, and their outcomes, which included elevating bilateral ties to an unprecedented historic level in vital fields.

The cabinet highlighted Crown Prince Mohammed’s speech at the Gulf-US summit that was held during Trump’s visit. The speech focused on intensifying joint coordination and pursuing multilateral work with friendly and fraternal countries to achieve more progress and prosperity.

He also underscored support for all efforts that would help end regional and international conflicts through peaceful means.

Moreover, the cabinet praised Trump’s decision – at the Crown Prince’s encouragement – to lift sanctions off Syria. It hoped the move will support development and reconstruction efforts in the war-torn country.

The cabinet also highlighted the Kingdom’s speech at the 34th Arab League Summit that was held in Baghdad on Saturday. The speech reiterated the Kingdom’s categorical rejection of any attempts to forcibly displace the Palestinian people and called for a ceasefire in Gaza.