MEMORANDUMS of understanding for international cooperation on space exploration have been signed between China and Thailand on Friday.
The initial agreements include data exchanges, the formation of a joint working group for space exploration and applications, and training personnel for various projects.
Thailand and China will also team up on the evaluation, engineering, and administration of lunar research stations.
Building on its years of expertise, China sees the initial agreements as an opportunity to develop Thai technology.
The global space economy was predicted to reach one trillion US dollars by 2040.
China describes its space cooperation with Thailand as broader than its cooperation with most other countries.
The agreements were signed by representatives from the China National Space Administration (CNSA) and the Thai Ministry of Higher Education, Science, Research and Innovation.
Both nations took their partnership to the next level when China selected a space weather monitor developed by Thailand for its Chang’e-7 lunar probe mission last year.
The Chang’e-7 mission is scheduled for launch around 2026.
The ambitious mission seeks to explore resources on the moon’s south pole and allow human habitation on the lunar surface.