Thailand Business News

Second Thai-Myanmar Friendship Bridge to boost Thai exports

TAK (NNT) – The second Thai-Myanmar Friendship Bridge to open on October 30 this year, is expected to stimulate border trade between the two countries. Access via the new bridge will help raise the value of border trade exports from the present 80 billion baht to 100 billion baht.

Deputy Prime Minister and Commerce Minister, Jurin Laksanawisit, traveled to Tak province to chair a meeting with the public and private sectors to discuss border trade promotion and discuss the opening of the second Thai-Myanmar Friendship Bridge.

The meeting also discussed a proposal to extend the operating hours of the Mae Sot checkpoint from 8 p.m. to midnight. The Commerce Minister said he will discuss the proposal with the Ministry of Foreign Affairs before it is submitted to a cabinet meeting for consideration. He said the issue should be resolved before the end of this month.

In the first eight months of this year, the value of Thai-Myanmar trade stood at 135 billion baht. Exports to Myanmar were estimated at 70 billion baht, while imports from Myanmar totalled 65 billion baht.

The Vice Chairman of the Thai Chamber of Commerce, Niyom Wairatpanij, said the second Thai-Myanmar Friendship Bridge will lift the value of border trade exports to 100 billion baht from the current 80 billion baht.

Source link

Share

All countries
6,058,756
Total confirmed cases
Updated on May 30, 2020 8:18 pm
Thailand
3,077
Total confirmed cases
Updated on May 30, 2020 8:18 pm
Indonesia
25,773
Total confirmed cases
Updated on May 30, 2020 8:18 pm
Singapore
34,366
Total confirmed cases
Updated on May 30, 2020 8:18 pm
China
82,999
Total confirmed cases
Updated on May 30, 2020 8:18 pm

Latest Updates

DPM Wissanu chairs Thai Airways rehabilitation Superboard

BANGKOK (NNT) - The Cabinet has acknowledged the appointment of DPM Wissanu Krea-ngam...

Thai parliament urged to pass record 1.9 trillion baht ($59.6 billion) stimulus bill

Thailand’s Prime Minister Prayut Chan-O-Cha on Wednesday urged parliament to approve the kingdom’s biggest-ever stimulus package to revive an economy battered by coronavirus, which...

Khon Kaen Zoo keeping animals cool by freezing meals

KHON KAEN(NNT)-With temperatures soaring to as high as 43 degrees Celsius in many...

Most Viewed

Bill Gates: Good Feedback Is the Key to Improvement

The world's richest man says everyone needs feedback beyond one-word descriptors.Bill Gates, who recently reclaimed the title of the richest man in the world, took to the stage earlier this month for a TED talk on one of his pet causes: improving the quality of education. Specifically, the Microsoft creator focused on the need of quality feedback for teachers. "We all need people who will give us feedback. That's how we improve," Gates told the audience. He continued: "When Melinda and I learned how little useful feedback most teachers get, we were blown away. Until recently, over 98 percent of teachers just got one word of feedback: satisfactory. If all my bridge coach ever told me was that I was 'satisfactory,' I would have

Thailand’s Botanic Gardens reopen today with COVID-19 control measures

Bangkok, 19 May, 2020, at 13.00 Hrs. – The Tourism Authority of Thailand (TAT) is pleased to announce that five botanic gardens have reopened...

Nguyen Van Thang: Youngest bank president is new member of Party’s Central Committee

VietNamNet Bridge - He is the youngest president of a large commercial bank and one of the youngest members of the Communist Party Central...

Khon Kaen Zoo keeping animals cool by freezing meals

KHON KAEN(NNT)-With temperatures soaring to as high as 43 degrees Celsius in many...

Related Articles

Asia Pacific’s passenger traffic drops 98,8% in April

Preliminary April 2020 traffic figures released today by the Association of Asia Pacific Airlines...

THAI loses state enterprise status

BANGKOK(NNT)-Thai Airways International...