Push to lifttrade ties with Burma
Published: 12/07/2009 at 12:00 AM
Newspaper section: News
More trade and investments are needed between Thailand and Burma, former army chief Chettha Thanajaro said, after being named new chairman of the Thai-Burmese cultural and economic cooperation association.
He said that despite the global economic slump which had led to a reduction in trade between the two countries, the association was likely to remain a key driver for the growth of bilateral trade.
Gen Chettha said he would lead a delegation of Thai investors to Burma to discuss any problems which hinder economic cooperation.
With Burma's abundant natural resources and Thailand's advanced technology, both countries would receive huge benefits if they can strengthen cooperation.
Thai businesses were ready to increase investments in Burma if the atmosphere permits.
The association would not interfere in Burma's internal affairs and would focus its activities on economic and cultural exchanges, he said.
Thailand is Burma's third biggest trading partner and both countries' trade with each other has increased in the past few years.
In the 2005-2006 fiscal year, trade between the two nations was worth US$1.59 billion, but in the 2006-2007 fiscal year that had grown to US$2.4 billion, or about 30% of Burma's overall trade volume.
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