Somkid sets target to double trade with Myanmar in 5 years

DEPUTY Prime Minister Somkid Jatusripitak said during his current official visit to Myanmar that he has set a target to double the trade between the two countries by 2021, Thai News Agency and NNT said today (Feb. 3).

The Deputy Premier held talks with Myanmar President Htin Kyaw and State Counsellor Aung San Suu Kyi on strengthening economic ties between the two countries and the meeting resolved to double bilateral trade by 2021 from the current level of 6.5 billion baht.

The Thai delegation which comprises representatives of the ministries of Commerce, Transport, Energy and Industry as well as 22 major investors also met with senior executives from Myanmar’s major public and private agencies to discuss ways of developing the two nations’ economies and to promote connectivity between the CLMVT countries and China, as well as other parts of the world. CLMVT stands for Cambodia, Laos, Myanmar, Vietnam, and Thailand.

In addition, four memorandums of understanding (MOUs) were signed for the development of the emergency department of Dawei Hospital, cooperation on the industrial estate and port, fisheries cooperation, and SMEs promotion.

Moreover private sector representatives of both countries signed 16 MOUs related to the development of SMEs, industrial investment and the development of human resources.


Top: A file photo of Deputy Prime Minister Somkid Jatusripitak and State Counsellor Aung San Suu Kyi holding talks during her visit to Thailand in June 2016. Photo: NNT


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