• Business News – Thailand and China agree to cooperate on high-speed rail development

    Posted on: Ҥ 16th, 2013 by Pixel@110

    The Bangkok Post has recently reported on the latest trade discussions between Thailand and China:

    Thailand and China have agreed to cooperate in developing a high-speed train system linking the two countries. The two leaders presided over the signing of six agreements at Government House on the barter trade of agriculture products for infrastructure development, investment promotion, energy cooperation, science cooperation, maritime operation cooperation and cultural exchange.

    Ms Yingluck said the government agreed that Beijing would help connect regions in Thailand with China through high-speed train projects in which Thailand was willing to work on a government-to-government basis. China has proposed that Thailand act as a clearing house for Chinese currency-based transactions. Central banks from both sides will discuss the details.

    Vocabulary:

    agriculture: the science or practice of farming – เกษตรกรรม, การเกษตร

    barter: to exchange goods, property, services, etc. for other goods, etc. without using money – แลกเปลี่ยนสิ่งของต่อสิ่งของ

    basis: the important facts, ideas or events that support something; the reason why people take a particular action – รากฐาน, หลักพื้นฐาน, หลัก

    central bank: the main government bank in a country that controls the supply of loans (credit) and the supply of money in the country and provides financial services to the government and other banks – ธนาคารแห่งชาติ

    clearing house: an organization that exchanges payments between customers of different banks – สำนักงานหักบัญชี; หน่วยงานแลกเปลี่ยนเอกสารการเงินหรือหักบัญชีกัน,หน่วยงานแลกเปลี่ยนข่าวกรอง

    connect: to join together two or more things – เชื่อมต่อ

    cooperate: to work with other people to achieve a result that is good for everyone involved – ร่วมมือกัน

    cooperation: a situation in which people or organisations work together to achieve a result that will benefit all of them – การร่วมมือกัน

    cultural: related to the customs and beliefs, art, way of life and social organization of a particular country or group – วัฒนธรรม

    currency: the system of money that a country uses – เงินตรา

    detail: the small facts or features of something – ส่วนเล็กๆ น้อยๆ, รายละเอียด, ส่วนย่อย

    develop: to think of or produce a new idea, product, etc. and make it successful; to build new houses, factories, etc. on an area of land, especially land that was not being used effectively before – พัฒนา

    development: the process of using an area of land, especially to make a profit by building on it, etc – การพัฒนา

    exchange: to give one thing and get another – แลกเปลี่ยน

    infrastructure: a set of systems within a place or organisation that affect how well it operates, e.g., the telephone and transport systems in a country or the system of train tracks that a railway uses – สาธารณูปโภค

    investment: the act of investing money in something – การลงทุน

    link: to connect – เชื่อม

    maritime: involving ships or the business of moving people and goods in ships – ทางทะเล

    operation: a business activity – การดำเนินการทางธุรกิจ

    preside: to be in charge of an official meeting, ceremony or other event – เป็นประธาน ในพิธี ในที่ประชุม

    propose: to suggest an idea for a group to consider – เสนอ

    region: a large area of land, usually without exact limits or borders – ภูมิภาค, ขอบเขต, แถบ, บริเวณ

    supply: the amount of a good available in a market to buy – อุปทาน

    trade: the amount of goods or services that a business buys and sells – การค้าขาย

    willing: to be happy to do something if it is needed – ซึ่งสมัครใจ, ซึ่งมีความตั้งใจ