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Thailand, Cambodia Reach Accord on Economic Cooperation
Thai and Cambodian trade delegates have reached an understanding on bilateral economic cooperation, assuring the two countries will complete a 10-year plan by late this year, according to the Cambodia Daily Friday.
A Thai delegation, headed by Pornchai Rujiprapa, deputy secretary-general of the Thai National Economic and Social Development Board, met on Wednesday with their Cambodian counterparts to discuss a draft plan for the first bilateral economic cooperation between the two countries.
During the closed-door meeting, ideas were exchanged on how and where to encourage special economic cooperation so that both countries can benefit from trade, tourism and other industrial projects, delegates said.
"We both understand our needs to develop a strong partnership that will maximize the potentials of our two countries and strengthen our economies," said Cambodian Commerce Minister Cham Prasidh after the meeting.
Labor-intensive manufacturing industries, agro-industry, tourism and infrastructure are sectors Thailand and Cambodia are now looking into, the two leaders said.
They said that the joint development of infrastructure between the two countries, such as road and train systems, will first be promoted in order to enhance trade, investment and tourism.
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