Myanmar trade ties in a spotlight

Workers are assisting to unpack a onion during Moei Reiver that borders Thailand and Myanmar in Tak province. (Bangkok Post record photo)

Commerce Minister Apiradi Tantraporn will fly to Nay Pyi Taw to attend a Joint Trade Commission assembly between Thailand and Myanmar from Jan 14-15.

This seventh assembly will find ways to lift shared trade to US$10-12 billion in 2017.

Mrs Apiradi pronounced it would also underscore team-work in facilitating trade and investment between a countries, residence investment-related manners and regulations and strengthen partnerships of pivotal limit city pairs such as Mae Sot and Myawaddy.

Thailand will introduce environment adult a corner business legislature with a beside nation that would contain members from both a private and a supervision sectors, she said.

Discussions will concentration on peculiarity control and facilitation of plantation products in a limit areas, generally maize.

Conditions and import durations contingency be jointly concluded to forestall mistreat to Thai farmers while during a same time assisting Myanmar farmers.

The Thai and Myanmar commerce ministers will demeanour for ways to build adult team-work in ride infrastructure and logistics expansion and partnerships in financial and banking.

They will also plead speeding adult expansion of a Dawei deep-sea pier and industrial mercantile section along with other mercantile section projects.

On a tourism front, Thailand and Myanmar devise to join hands to trigger corner tourism campaigns and routes in a pierce to bond a dual cultures and lift internal incomes in both countries.

Thailand will also introduce providing technical assistance and tellurian apparatus expansion to Myanmar.

The beside nation is Thailand’s sixth-largest trade partner in Asean and 17th largest overall.

Over a past 5 years, two-way trade between a dual has averaged $6.8 billion a year, with annual expansion of 14.1%.

In 2014, two-way trade amounted to $8.16 billion, with exports from Thailand creation adult $4.24 billion and imports from Myanmar value $3.92 billion.

For a initial 10 months of final year, a latest total available, two-way trade totalled $6.58 billion, a slight dump of 1.15% year-on-year.

For Thailand, exports amounted to $3.44 billion and imports $3.15 billion.

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Article source: http://www.bangkokpost.com/business/news/818364/myanmar-trade-ties-in-the-spotlight

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