Source:https://www.scmp.com/economy/global-economy/article/3248234/chinas-visa-free-deals-thailand-malaysia-singapore-could-trigger-asean-trade-investment-boost
EconomyGlobal Economy

China’s visa-free deals with Thailand, Malaysia, Singapore could trigger Asean trade, investment boost

  • Thai Prime Minister Srettha Thavisin said earlier this month that Thailand and China would permanently waive visa requirements for each other’s citizens from March
  • China is seeking to expand its influence in Southeast Asia, with the Association of Southeast Asian Nations (Asean) bloc already its largest trading partner

Kandy WongandRalph Jennings
Chinese arrivals in Thailand were estimated at 2.7 million last year, lower than the target of 5 million. Photo: EPA-EFE

Enthusiasm for more regional economic cooperation could jump, analysts said, after China’s efforts to tap the Southeast Asian market partly paid off as Thailand followed hot on the heels of Malaysia by announcing a permanent visa-free policy for Chinese visitors from March.

Thai Prime Minister Srettha Thavisin announced the “upgrade” of the bilateral relationship at the start of January, with Thai businesses anticipating more Chinese tourists, increased exports of rice and durian and additional China-invested factories.
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