Thailand-Laos extends trade relations across Mekong river

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Thailand-Laos extends trade relations across Mekong river

Tanakorn Sangiam

 

 

MUKDAHAN, 14 September 2019(NNT) - The Thailand-Laos Trade Festival is taking place to promote border trade between the two countries. The event features some 100 booths selling goods from 20 northeastern provinces of Thailand and from Laos, as well as an MOU signing for over 300 million baht worth trade deals between Thai and Lao businesses.

 

Thailand’s Deputy Prime Minister and Minister of Commerce Jurin Laksanawisit presided over the Thailand-Laos Trade Festival, promoting commercial activities at Mukdahan-Savannakhet Special Economic Development Zone in Mukdahan province. At this event, government officials and businesspersons from both countries discussed border trade promotion guidelines and signed a Memorandum of Agreement (MOU) for trade deals between five pairs of Thai-Lao business partners, worth 323 million baht in total.

 

The event also features other activities, such as a seminar on online trading, to help push the border area economy, training sessions for CLMVT countries and sales of products from 20 northern Thai provinces and Laos.

 

The trade festival is aimed to help enhance the long-standing relationship between Thailand and Laos, as Mukdahan is an important trade gateway connecting to Laos’ Savannakhet province, both located within the East-West Economic Corridor, which has great investment potential.

 

Border trade value between Thailand and Laos from January to July this year was worth 33.29 billion baht.

 

-- © Copyright NNT 2019-09-15

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[Srikcir]

Why doesn't the all the CLMVT countries simply form a common market like the EU?

Then all these different MOU's are unneeded.

But in a common market no one country is a Hub of Everything as Prayut likes to see for his Thailand.