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Thai Mission Seeks Deals to Reduce North Korean Debt.
Byline: Phusadee Arunmas
Aug. 5--The government will lead a group of traders to visit North Korea late this month to seek more bilateral trade and boost account trade between the two countries.
Commerce Minister Adisai Bodharamik said the government would work with traders to find out which products could be exchanged through account trade to reduce North Korea's US$123 million debt to Thailand.
North Korea made its first payment of US$6.5 million for rice recently and prefers to pay the balance in non-cash form.
"Its main products are from heavy industries such as chemical and electrical goods, and it is better for Thai businessmen to ...
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Source: HighBeam Research, Thai Mission Seeks Deals to Reduce North Korean Debt.