Core Insights - Thailand and Saudi Arabia are enhancing their economic and trade relations through trade exhibitions, emerging industries, and cooperation in halal food, pharmaceuticals, herbal products, and elderly care [1] Economic Cooperation - The Thai Commercial Affairs Permanent Secretary, Wuttikrai, chaired an online meeting of the Saudi-Thailand Coordination Committee on September 18 to strengthen economic and trade cooperation [1] - An agreement to eliminate double taxation and a customs cooperation memorandum were signed to simplify trade and investment processes between the two countries [1] Trade Statistics - Saudi Arabia is recognized as a high-income country and a strategic trade partner for Thailand, with strong demand for halal food and agricultural products [1] - In 2024, Saudi Arabia is projected to be Thailand's 19th largest trading partner and the second largest in the Middle East, with a bilateral trade volume of $7.56 billion, including exports of $2.86 billion and imports of $4.9 billion [1] - In the first half of this year, total trade amounted to $3.85 billion, with exports to Saudi Arabia at $1.25 billion and imports at $2.6 billion [1] - Major export products include automobiles, auto parts, wood and wood products, and rubber products, while key imports consist of crude oil, fertilizers, pesticides, and chemicals [1]