Logo of Phnom Penh Post newspaper Phnom Penh Post - Thai-Cambodia partnership event to boost border trade

Thai-Cambodia partnership event to boost border trade

Content image - Phnom Penh Post
Thailand’s Department of Foreign Trade (DFT) director-general Adul Chotinisakorn. THE NATION

Thai-Cambodia partnership event to boost border trade

THE Thai Department of Foreign Trade (DFT) will host a Thai-Cambodia economic partnership event in which the governments of both countries and the private sector have been invited to trade and offer investment promotion and solutions.

The event will also feature a business matching activity for four sectors, which expects to result in immediate trade worth over 30 million baht ($947,507), and a talk offering tips on how to enter the Cambodian market.

According to DFT director-general Adul Chotinisakorn, the Thailand-Cambodia Border Economic Partnership will be held on March 25 and 26, with the aim of boosting bilateral ties at the local level and expanding trade at the borders.

This event follows from the Growth Strategy of Border Provinces’ Economic Cooperation, which was signed by the Thai and Cambodian commerce ministers last year.

This year, high-ranking officials from Cambodia’s Ministry of Commerce as well as representatives from the government and private sectors from border provinces in both countries are expected to join the meeting.

Their task is to identify the best approach in stimulating and promoting border trade and investment as well as cooperation on different aspects.

Adul listed several activities at the event, including a business-matching session between 80 Thai and Cambodian entrepreneurs from four sectors – food and beverages (including food supplements), consumer goods (including health and beauty products), agricultural machinery, and automotive (including motorcycle and automotive parts).

He expects this activity to result in immediate trade deals worth 30 million baht, highlighting food and beverages and consumer goods sectors as having the greatest potential.

In addition, there will be a seminar on “How to Conduct Business to Win Cambodians’ Hearts”, in which a Cambodian marketing expert will share tips on conducting business in Cambodia and will give advice on entering the Cambodian market.

On the sidelines, the DFT will lead a group of Cambodian delegates to visit Eiamburapa Co Ltd to check out its cassava-processing technology.

“This is the first time that high-ranking officials from the Cambodian commerce ministry will visit Thailand and participate in an event. The DFT is confident the event will further strengthen the longstanding Thai-Cambodian relations and our partnership with Cambodia as an important border trade partner in particular,” Adul said.

Border trade between the two countries has enjoyed robust growth over the past few years. Last year, Thai-Cambodian border trade was worth 145.79 billion baht, marking an increase of 16 per cent.

The DFT believes the Thailand-Cambodia Border Economic Partnership event will not only boost the economies of the two countries, but will also increase the value of border trade. THE NATION/ANN

MOST VIEWED

  • Chinese nationals on the decline in Sihanoukville?

    It is no secret that real estate prices in Sihanoukville have been on the rise over the last few years due to the influx of Chinese nationals. Their arrival has brought investment in the real estate, construction, hotel and casino sectors, as well as small

  • PP massage parlours raided, 29 suspects held for prostitution

    The Phnom Penh municipal Military Police on Sunday raided four massage parlours in Por Sen Chey district and detained 29 suspects for questioning over their alleged involvement in prostitution. Deputy municipal Military Police commander Pu Davy on Monday said the four massage parlours were located near

  • PM: All 10 Asean countries to receive Rainsy arrest warrants

    Prime Minister Hun Sen said on Thursday that all 10 Association of Southeast Asian Nations (Asean) member states will receive warrants for the arrest of Sam Rainsy. The warrants have already been sent to Laos and Thailand. He was speaking at a joint press conference at

  • Overtourism still threatens Angkor Wat

    Ticket sales to the Angkor temples are down. An Angkor Enterprise report has revealed that ticket sales to the Angkor Archaeological Park dropped by more than 11 per cent from the same period last year. Prime Minister Hun Sen isn’t concerned. He told journalists that