Trading between Thailand and Singapore make many benefit. Thailand and Singapore have been enjoying excellent relations in various aspects since the establishment of diplomatic relations between the two countries 40 years ago. The bilateral trade between the two countries increased by 20 percent, reaching 24 billion Singapore dollars (about 14 billion US dollars) last year as compared with the previous year which made Thailand Singapore's seventh largest trading partner. The fast-developing low cost carriers in the region has helped boost interaction between peoples of the two countries as well as enhance the understanding and respect for each other's cultures and societies.