Talking trade and investments with Thailand’s economic counsellor in Myanmar

Sub-title: 

Thailand and Myanmar have long had business and economic ties, with the Thais even establishing a trade and business centre in Yangon. Last year, trade volumes between the two countries reached US$7.5 billion, representing a year-on-year increase of 7 per

Description: 

"Moving forward, Thanawut Naigowit, who was appointed as Thai Economic Counsellor and Director of the Thai Business Centre in Yangon last month, has plans to increase trade between Thailand and Myanmar to US$10billion over the next few years. This comes at a time when Myanmar is attempting to raise export volumes to Thailand at the Myawady border. “Myanmar businessmen need to find the right business partners from Thailand. Most of Myanmar people know about products made in Thailand but Thai people need to know more about Myanmar products first before exports can improve,” Mr Thanawat told the Myanmar Times in a recent interview. During the interview, Mr Thanawat also discussed the role of the Thai Business Centre as well as drawing more Thai investments into Myanmar: What suggestions do you have for Myanmar traders? The Thai Business Centre is under Thailand’s government and Ministry of Commerce. We are able to check whether companies actually exist or do businesses. So, please come to us to inquire whether these companies are real or not before buying things from them. So far, only two or three Myanmar businesses have lodged reports at the centre during the term of the previous counsellor and since I took over. The cases involved fraudulent businesses, non-payment for goods delivered, and non-delivery of goods paid for..."

Creator/author: 

Yu Wai

Source/publisher: 

"Myanmar Times"

Date of Publication: 

2019-09-11

Date of entry: 

2019-09-12

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar, Thailand

Language: 

English

Resource Type: 

text

Text quality: 

    • Good