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Bilateral trade with Thailand declines


geovalin

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Bilateral trade between Thailand and Cambodia decreased by 13 per cent in the first three months of this year compared to the same period in 2015, according to statistics provided by the Royal Thai Embassy.

The value of Cambodian exports to Thailand reached $290 million by the end of March, an 11.02 per cent increase compared to the same time last year.

However, imports, valued at $1 billion, decreased by 17.8 per cent by the end of March.

Overall bilateral trade stood at $1.3 billion, a 13.2 per cent decrease, which allowed the trade imbalance between the two countries to drop by a considerable 20 per cent.

read more http://www.phnompenhpost.com/business/bilateral-trade-thailand-declines

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The imbalance of bilateral trade between Thailand and all the other ASEAN countries collectively will continue as Thailand's GDP growth creeps while the other ASEAN countries' total growth accelerates as they evolve into competiting developing/developed countries.

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The imbalance of bilateral trade between Thailand and all the other ASEAN countries collectively will continue as Thailand's GDP growth creeps while the other ASEAN countries' total growth accelerates as they evolve into competiting developing/developed countries.

if u compare the significant difference in wages your statement might have a point.

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