A proposal to jointly develop economic zones and communication infrastructure between Thailand and Cambodia will be presented to a bilateral meeting next month.
Deputy Prime Minister/Foreign Minister Surapong Tovichakchaikul on Monday presided over a meeting of the Thai ad hoc committee preparing for bilateral talks in Phnom Penh on June 10-11.
He outlined five issues to be raised in the meeting including the establishment of two special economic zones in Aranyaprathet district of Sa Kaeo and Poipet district of Banteay Manchey, and Thailand’s eastern province of Trat and Koh Kong of Cambodia.
The second issue involves infrastructure developments of Roads # 5, 6 and 48 in Thailand which link Srae Ambel district of Koh Kong, a 6km railway from Aranyaprathet district to Ban Klong Luek of Tha Kam sub-district, Sa Kaeo, 48km railway from Poipet to Sri Sopon, and Ban Nong Iam border checkpoint in Sa Kaeo adjacent to Stueng Bot of Banteay Manchey.
Thailand will assist Cambodia on agro industry and tourism.
Mr Surapong said Thailand will also propose public utility development and energy cooperation including Thailand’s offer to sell electricity to Cambodia from 80 megawatts to 120 megawatts and joint development of a power generating dam in Stueng Nam and coal power plant in Koh Kong.
The fourth proposal is on human resource development, particularly on public health, labour skills, Thai language studies, and opening of a centre for victims of human trafficking in Banteay Manchey and a centre for economic self sufficiency on the border.
CLMV economies Outlook by EIC Q1/2021
Within the region, Vietnam’s economy is projected the fastest growth due to ongoing strong exports performance for electronics products and a resilient domestic economy.
The global recession and COVID-19 pandemic heavily affected CLMV economies in 2020, resulting in major slowdown in Vietnam and Myanmar whereas Laos and Cambodia faced economic contractions from additionally specific negative factors.
CLMV’s economic growth crashes to two-decade low due to COVID-19
The COVID-19 crisis has caused the rate of economic growth in the CLMV bloc to be at its lowest in two decades, the CLMV economies could grow at 3.4 percent this year
Cambodia’s aid and investment affair with China
China is Cambodia’s biggest aid provider and Chinese investors hold almost a quarter of Cambodia’s total FDI stock. Distinguishing Chinese aid from investment is difficult, but there is no doubting China’s huge economic impact in Cambodia.
Subscribe via Email
Developing Asia growth set to rebound to 7.3% in 2021 (ADB)
Thailand slow vaccination progress coupled with a surge of infections has prompted Kasikorn Research Centre to lower its growth projection...
Thailand extends the 7,000 baht “Rao Chana” scheme to 33.5 million Thais
The Ministry of Finance said that the new proposal will increase the number of people eligible for the “Rao Chana”...
Bangkok falls 19 places to 49th most expensive location worldwide
Locations reliant on international tourism have seen their rental markets hit especially hard during the pandemic, resulting in some major...
Thai fruit exports to FTA markets up 107 percent
China, Malaysia, Singapore, Indonesia, the Philippines, Hong Kong, Australia and Chile are top importers of Thai fruits, especially fresh durian,...
Digital Revolution and Repression in Myanmar and Thailand
Activists have also proactively published social media content in multiple languages using the hashtags #WhatsHappeningInMyanmar and #WhatsHappeningInThailand to boost coverage...
3 Reasons to Be Optimistic About the Baht Right Now
Probably one of the most important factors for the rise of the Baht is the continued weakness of the US...