Thailand's private sector is due to sign a pact today with Myanmar counterparts to ramp up border trade, investment and transportation as well as promote the use of the Myawaddy-Kawkareik road in Myanmar .Construction is due to finish in July.
The pact will be signed in Bangkok by the Thai Chamber of Commerce, the Federation of Thai Industries, the Thai Bankers' Association and the Union of Myanmar Federation of Chamber of Commerce and Industry, said Commerce Minister Chatchai Sarikulya after his meeting yesterday with Myanmar Commerce Minister Win Myint in Bangkok.
Gen Chatchai said the government would also propose the Mae Sot model to develop mutual business activities and investment.
Under the Mae Sot model, a joint border trade committee will be set up, while twinning Thailand's Mae Sot and Myawaddy in Myanmar would facilitate business activities including business matching, trade missions and business networking. The model also calls for the two countries to cooperate in developing a logistics centre as well as essential infrastructure, facilitate cross-border transportation, customs checkpoint expansion and constructing a second bridge across the Moei River as planned within 2018.
Thailand's private sector is due to sign a pact today with Myanmar counterparts to ramp up border trade, investment and transportation as well as promote the use of the Myawaddy-Kawkareik road in Myanmar .Construction is due to finish in July. The pact will be signed in Bangkok by the Thai Chamber of Commerce, the Federation of Thai Industries, the Thai Bankers' Association and the Union of Myanmar Federation of Chamber of Commerce and Industry, said Commerce Minister Chatchai Sarikulya after his meeting yesterday with Myanmar Commerce Minister Win Myint in Bangkok. Gen Chatchai said the government would also propose the Mae Sot model to develop mutual business activities and investment. Under the Mae Sot model, a joint border trade committee will be set up, while twinning Thailand's Mae Sot and Myawaddy in Myanmar would facilitate business activities including business matching, trade missions and business networking. The model also calls for the two countries to cooperate in developing a logistics centre as well as essential infrastructure, facilitate cross-border transportation, customs checkpoint expansion and constructing a second bridge across the Moei River as planned within 2018.
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