Thailand and China's southernmost province of Guangdong have set a target to raise bilateral trade volume to 10 billion US dollars annually, from around 6.5 billion US dollars now, over the next three years.

The target was set in Bangkok Wednesday at a meeting of representatives from the Thai and Guangdong private sectors, reported the Thai News Agency Thursday.

Thai Deputy Prime Minister and Commerce Minister Somkid Jatusripitak led the Thai delegation of 700 members to meet visiting 500-member Guangdong delegation, headed by Zhang Dejiang, secretary of the Guangdong Provincial Committee of the Communist Party of China (CPC).

The meeting is aimed at forging expanded trade and investment between the two sides.

Somkid said Guangdong invites Thai businesses to increase their trade with and investment in the province, while Thailand wants to expand exports of Thai products, particularly fruits and vegetables, to the Guangdong market.

Demand for fruits and vegetables in Guangdong normally accounts for 80 percent of China's total demand for Thai products, according to the deputy premier.

The Thai and Guangdong delegates are scheduled to attend a business forum here on Friday, at which they will sign bilateral agreements on joint trade and investment projects.

Source: Xinhua