Bahrain PM concludes working visit to Thailand with economic pacts
Thailand and Bahrain signed agreements on Saturday, November 3 to boost economic cooperation at the tail-end of an official visit by Bahrain's Prime Minister Sheikh Khalifa Bin Salman Al-Khalifa, officials said.
The premier joined Thai Prime Minister Thaksin Shinawatra at Bangkok's government house for a signing ceremony also attended by a 58-member Bahrain delegation, the Ministry of Foreign Affairs said in a statement.
Wrapping up a three-day working visit to the kingdom, Sheikh Khalifa signed deals on trade promotion and avoiding double taxation in addition to an anti-income tax evasion agreement. They also discussed bilateral cooperation on trade, investment and labor.
Trade between Thailand and Bahrain has totaled about $85 million so far this year, roughly the same amount as the previous year. Thailand exports air conditioning units and spare parts, clothes and fabrics as well as cars and automotive parts to Bahrain while importing metal, oil, chemicals, fertilizer and paper from the Muslim Gulf emirate. Thailand and Bahrain established diplomatic relations 24 years ago. — (AFP, Bangkok)
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