New bridge boosts Thai-Myanmar ties

Description: 

"TAK: Bilateral border trade between Thailand and Myanmar is expected to flourish after the second Thai-Myanmar Friendship Bridge becomes fully operational, starting from Oct 30. Niyom Wairatpanich, vice-chairman of the Thai Chamber of Commerce, said the bridge is vital to boost border trade between the two countries, increasing trade flow and logistics services through Mae Sot. Thailand's border trade with Myanmar totalled 193 billion baht last year, up 4.9% from a year before. Border trade through Mae Sot amounted to 80 billion baht in 2018. Thailand's overall border trade with all four neighbours rose 4% last year to 1.12 trillion baht, with exports making up 651 billion baht, down 0.5%, and imports worth 474 billion, up 11%. Malaysia was the biggest partner for border trade, with two-way border trade amounting to 572 billion baht, up 1.3%, followed by Laos (214 billion baht, up 3.2%) and Cambodia (146 billion baht, up 16.4%). For the first eight months, Thailand-Myanmar trade accounted for 18.3% of total border trade volume, totalling 55.0 billion baht, a 4.27% decrease..."

Creator/author: 

Phusadee Arunmas

Source/publisher: 

"Bangkok Post" (Thailand)

Date of Publication: 

2019-10-04

Date of entry: 

2019-10-04

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar, Thailand

Language: 

English

Resource Type: 

text

Text quality: 

    • Good