Thailand and Myanmar plan to have a joint trade committee meeting next month in an attempt to boost two-way trade and investment, according to the Bangkok Post.
The move is part of the two countries’ strategy to drive overall border trade volume to reach 1.5 trillion baht (US$50 billion) next year, according to the December 18 report.
The first meeting will be chaired by Thai Commerce Minister Chatchai Sarikulya and his Myanmar counterpart.
The meeting will cover cooperation between the twin cities of Mae Sot in Thailand’s Tak province and Myanmar’s Myawaddy, the setting up of the Thailand–Myanmar Business Council and the raising of awareness of businesses both inside and outside the two areas.
Thailand’s border trade with Myanmar is expected to grow by 10 percent this year from 197 billion baht last year, according to the newspaper.
For the first 10 months, Thailand’s border trade with Myanmar surged by 7.89 percent to 173 billion baht, with 77.7 billion from exports and 96 billion from imports.
In related news, officials from Myanmar and Thailand will meet next month to approve the framework of the delayed Dawei special economic zone and seaport megaproject in Myanmar.