Tuesday, July 07, 2020

Push to boost cross-border economic ties with Mekong-Lancang countries

Oct 07. 2019
Jurin Laksanawisit
Jurin Laksanawisit
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Commerce Minister Jurin Laksanawisit said on Monday (October 7) that the Cabinet has approved a proposal for cross-border economic ties under the Mekong-Lancang cooperation framework.

The director-general of the Department of Trade Negotiation has also been given the job of visiting Laos on October 8 to 10 to sign related documents.

“The signing will be an important step for CLMVT countries [Cambodia, Laos, Myanmar, Vietnam and Thailand] to work with China under the five-year cross-border economic collaboration plan,” Jurin said. “The project has three key objectives: to sustainably link and develop innovative economic ties between partner countries; to improve digital infrastructure in the region; and to promote collaboration in trade, investment, and development of key industries such as processed agricultural goods, clean energy, tourism, electronic manufacturing, and cross-border logistics.

“The project will also aim to boost cross-border e-commerce, human-resource development and technology transfers among CLMVT countries,” he added.

The Commerce Ministry expects this collaboration to boost the competitive edge of the six countries in the Mekong-Lancang region globally as well as reduce the gap in economic and development aspects.

“It is also a good chance for Thailand to strive to become a regional economic hub,” Jurin, who is also deputy PM, said.

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