Cuba is an active member of China's Belt and Road Initiative and the two countries share close cooperation in infrastructure, technology, science, tourism, and energy.
Thailand has introduced new incentives aimed at supporting high-tech industries, tax exemptions for companies relocating to the country, and rewarding existing investors.
Huge trade and business opportunities for the IT sector, textiles, gems and jewelry, food, agriculture, and pharmaceuticals sectors are expected as the Ind-Aus ECTA gets ready for implementation.