Latin American countries including Brazil, Columbia and Mexico,are new potential markets for Thailand's food products, auto partsand machinery industries.

The Thai Ministry of Foreign Affairsrecently held a seminar called "Thailand's business market: LatinAmerican and Canada" in order to provide and share information on tradeand investment opportunities that Thailand obtained during Thaientrepreneurs’ visit to four countries in Latin America and Canada fromSeptember 27 to October 10.

The visit was aimed at supportingtrade cooperation between the Thai government and the private sector andacademic institutions in Latin America, as well as developing tradenetworks between the two sides.

According to Songsak Saicheu,Director-General of the ministry’s Department of American and SouthPacific Affairs, among the three countries, Brazil is a new emergingeconomy which ranked 7th in the world and is one of the major machineryexporters.

Pairush Burapachaisri, Vice-Chairman of the ThaiChamber of Commerce, said the Thai Ministry of Energy is ready tocooperate with Brazil in terms of renewable energy such as Ethanol.

Headded that Thailand will pursue cooperation with these countries indeveloping scientific knowledge and inventing technological devices.

Thailand was invited last year to join, as an observer country,the Pacific Alliance, a Latin American trade bloc with the four memberstates of Chile, Colombia, Mexico and Peru.-VNA