India, Thai bilateral trade to reach 10 bln U.S. dollars in 2012

India and Thailand are confident to meet a target of their bilateral trade's value of 10 billion U. S. dollars in 2012, Thai Deputy Commerce Minister Alongkorn Polbutr said Friday.

Alongkorn's remark was made after he returned from India, where he paid a two-day official visit during May 18-20, the Thai News Agency (TNA) reported.

During the visit in New Delhi, India's capital, Alongkorn said he explained about Thailand's political situation to the public, private, and media sector there.

The political situation in Thailand will not affect the bilateral trades and investments between India and Thailand, Alongkorn told the Indian counterparts.

"The visit has made both the Indian government and private sector understand Thailand's actual situation very well, hence they are still confident in Thailand," he said.

The bilateral trade between Thailand and India in 2009 was totally valued at 4.95 billion U.S. dollars.

For January March period of 2010, the bilateral trade was totally valued at 1.71 billion U.S. dollars, or 80.46 percent year- on-year higher.

Source: Xinhua