Border trade surplus with Myanmar seen

[DagonKhan]

Border trade surplus with Myanmar seen

THAILAND is expected to post a border-trade surplus with Myanmar within two years as that country welcomes flows of trade and investment, and its growing economy leads to greater purchasing power.

Kobsak Pootrakool, executive vice president of Bangkok Bank, said two-way border trade between Thailand and Myanmar was worth about Bt200 billion, of which border trade accounted for 80 per cent.

Thailand's trade deficit with Myanmar has been gradually decreasing, and now is Bt40 billion, down from an average of Bt70 billion per annum during the past decade driven by this country's imports of natural gas from Myanmar, worth about Bt100 billion a year.

Continues here:- http://www.nationmultimedia.com/business/Border-trade-surplus-with-Myanmar-seen-30241920.html

Edited August 28, 2014 by DagonKhan