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Thailand develops master plan for stronger trade ties with CLMV

Thailand is building a master plan to enhance trade and investment ties with Cambodia, Laos, Myanmar and Vietnam (CLMV) to ensure all five countries continue to prosper amid strong global competition.
Thailand develops master plan for stronger trade ties with CLMV ảnh 1Thai Deputy Prime Minister Somkid Jatusripitak (Source: AFP/​VNA)

Bangkok (VNA) – Thailand is buildinga master plan to enhance trade and investment ties with Cambodia, Laos, Myanmarand Vietnam (CLMV) in order to ensure all five countries continue to prosper amidstrong global competition, said a local official.

Thai Deputy Prime Minister SomkidJatusripitak told reporters on June 19 that the Thai Government started todevelop a master plan to boost trade and investment relations with Laos after hisvisit to the country early this month.

This is a pilot project to negotiatewith Myanmar, Cambodia and Vietnam later this year, he said.

The plan is expected to help Thailand intensifypragmatic relations with CLMV and double their two-way trade  while opening up opportunities for Thaibusinesses to expand their investments in CLMV and vice versa.

Last year, the total trade value betweenThailand with CLMV reached 30.94 billion USD. Vietnam led the way withbilateral trade worth 13.85 billion USD, followed by Myanmar, Cambodia andLaos.

Deputy PM Somkid said that in a periodof global economic uncertainty, collaboration between Thailand and CLMV will bea way to boost trade value and drive the regional economy.-VNA
VNA
#Thailand#Cambodia#Laos#Myanmar#Vietnam#CLMV#master plan#regional economy#businesses#investment relations#Vietnam#VietnamPlus#Vietnam News
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