Bangkok, 13 December 1968 The Government of the Republic of India and the Government of the Kingdom of Thailand,
BEING equally desirous of expanding direct trade relations between their two countries,
HAVE agreed as follows :
Article I
The Government of the Republic of India and the Government of the Kingdom of Thailand, hereinafter referred to as the Contracting
Parties, will take all appropriate measures within the framework of their existing possibilities, to further economic relations between
the Contracting Parties, and especially to develop trade volume to the fullest extent possible.
Article II
The exchange of commodities and goods between the Republic of India and the Kingdom of Thailand will be carried out in accordance
with the export and import regulations resisting in either country. Consequently the competent authorities of either Contracting
Party will, subject to existing relations, make available import and export facilities by granting licences and by other administrative
measures.
Article III
All trade between the Contracting Parties shall be subject to export-import control, foreign exchange control and such foreign trade
and payment controls, which are in force or may come into force in the respective countries; each Contracting Party shall endeavour
to ensure that such controls of the other Contracting Party be in compliance with the spirit of this Agreement.
Article IV
All payment pertaining to trade between the two countries shall be effected in freely convertible currencies to be mutually agreed
upon by the Contracting Parties.
Article V
The two Contracting Parties agree that the exchange of commodities and goods between the two countries shall be made through normal
trade channels either by private traders or by governmental agencies, as the case may be.
Article VI
Both Contracting Parties shall consult each other whenever necessary in order to recommend measures for expanding mutual trade or
to overcome difficulties that might arise in connection with the implementation of the provisions of this Agreement.
Article VII
This Agreement shall come into force on the date of signature and shall remain valid for a period of one (1) year. It will continue
in force from year to year there-after, unless its termination is requested by either Contracting Party upon notice in writing, ninety
(90) days before the date of its expiration; however, this Agreement may be revised, amended or changed in whole or in part with
the approval of both Contracting Parties. No revision or termination of this Agreement shall be prejudicial to any rights or obligations
accruing or incurred hereunder prior to the effective date of such revision, or termination.
IN WITNESS WHEREOF, the undersigned, duly authorised by their respective Governments have signed this Agreement at Bangkok in duplicate
in English, on the Twenty Second Day of Agrahayana, One Thousand Eight Hundred and Ninetieth year of Saka Era, corresponding to the
Thirteenth Day of December, Two Thousand Five Hundred and Eleventh year of the Buddhist Era.
For the Government
For the Government
of the Republic of India
of the Kingdom of Thailand
Sd/-
Sd/-
DINESH SINGH
POTE SARASIN
Minister for Commerce
Minister of Economic Affairs
