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.(more…)
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
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