Joint-venture deals worth 25 billion baht (US$724.76 million) will be signed tomorrow by Thai investors and their counterparts from China's Henan province.
The ventures include two deals signed yesterday by Prime Minister Abhisit Vejjajiva and Henan governor Guo Gengmao,who led 170 businessmen from the province on a trade mission to Thailand following Mr Abhisit's June China visit.
Under the two trade agreements already signed, Thailand will ship rubber worth $200 million to Feng Shen tyre factory in Jiaozuo city, as well as tapioca and products worth $79 million to the Tian Guan Group in Nanyang city.
The two parties have also discussed the opening of direct Thai Airways International flights from Bangkok to Zhengzhou, Henan's capital, and possible purchases of Thai longan, said Prime Minister's Office Minister Virachai Virameteekul.
Henan is China's most populous province, with nearly 100 million residents.Its gross domestic product currently ranks fifth among China's 31 provinces.
Thailand's exports to Henan last year were valued at $142.89 million, with rubber being the main product.
Thai firms will tomorrow sign memoranda of understanding on eight joint investment projects with investors in Henan, said a spokeswoman from the Thailand-China Business Council.
The investment projects include a $297.13-million real estate development in Luoyang city, a $58.57-million rubberglove production project in Puyang city,and a $30.06-million acid sodium export project in Zhoukou city.
Other investments are a $30-million rubber plant project with Nan Shen Co in Zhoukou city, a $20-million agroindustrial project in Zhengzhou and a $10-million project to produce microbial products and environmentally friendly products in Zhumadian.
Details on the Thai sides are not disclosed.
A Bangkok Bank branch in Zhengzhou city is pending negotiation.
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