Trade
Thailand and Lao cross border trade booms
Cross-border trade between Thailand and the Lao PDR at Nong Khai’s Friendship Bridge border customs house in this northeastern province in the first quarter of the current fiscal year grew by nearly Bt13.9 billion about US$463 million, according a senior customs officer.

Cross-border trade between Thailand and the Lao PDR at Nong Khai’s Friendship Bridge border customs house in this northeastern province in the first quarter of the current fiscal year grew by nearly Bt13.9 billion about US$463 million, according a senior customs officer.
Padermdej Mangkang, Nong Khai’s acting customs chief, said Friday that the value of trade along the Mekong River in Nong Khai reached some 13.87 billion some $462.5 million. The trade value included Thailand’s exports to its landlocked neighbour worth Bt13.3 about $443.1 million and imports to the kingdom valued at Bt579.86 million more than $19.3 million.
As a result, Thailand enjoyed a trade surplus of Bt12.7 billion over $423.8 million, Mr Padermdej explained. The top exported goods from Thailand to Lao PDR with the highest export values were oil at some Bt2.97 billion over $99.16 million, followed by automobiles at Bt950 million more than $31.66 million.
Rising export values with high demand for quality Thai products were attributed to the ongoing development in the Lao PDR, particularly improvement of the country’s infrastructure as well as building dams and operating mines, the acting Nong Khai customs head added.
The first Thai-Lao Friendship Bridge, linking Thailand’s Nong Khai province with the Lao capital of Vientiane, on the Mekong River was opened to the public in 1994 as the gateway to Thailand and the landlocked country as well as Indochina.Since its opening, the Friendship bridge brought about benefits to the two neigbouring countries in terms of their economies, trade, tourism, investment, cultural exchanges, transportation and logistics. MCOT online news
China
RCEP and China: Reimagining the future of trade in Asia
The Regional Comprehensive Economic Partnership (RCEP) could eventually usher in an era of much deeper regional integration: for corporates doing business in the region, their future success may well hinge on how adeptly they manage to navigate the evolution of Asia’s trade landscape under the RCEP.

Last month, 15 countries in the Asia-Pacific region – including the 10 member states of the Association of Southeast Asian Nations (ASEAN) as well as China, Australia, Japan, New Zealand, and South Korea – signed the landmark Regional Comprehensive Economic Partnership (RCEP) on the final day of the 37th ASEAN Summit.
(more…)Trade
Will RCEP help drive South-east Asia’s Covid-19 recovery?
The Regional Comprehensive Economic Partnership (RCEP) was finally signed on Sunday November 15, on the sidelines of the annual summit of the Association of South-East Asian Nations (ASEAN).

Marking a significant regional milestone, it is hoped that the RCEP will help its 15 signatories recover from the economic fallout of the coronavirus pandemic.
(more…)China
Thailand ready to ink big Chinese-backed trade deal
The RCEP will cover all 10 Asean member states plus five partners: China, Australia, Japan, New Zealand, and South Korea and will take effect from the middle of 2021 if at least six Asean members and three partners agree to its terms.

Thailand is set to sign the world’s biggest free trade agreement with Japan, China, South Korea and 12 other Asia-Pacific countries at the 37th Asean Summit this week.
(more…)-
Forex5 days ago
Leverage from Forex Brokers & How Beginners Can Benefit from It
-
National1 day ago
Human trafficking cases in Thailand hit decade low due to COVID-19
-
Economics2 days ago
Thai economy to grow 4% in 2021 following 6.5% decline in 2020
-
Banking3 days ago
Can Fintech drive a strong post-COVID-19 recovery in Asia?