Cambodia, Thailand To Establish Joint Committee on Border Trade

Cambodia and Thailand have agreed to establish the Joint Committee on Border Trade to solve Trade-Related issues.

The agreement was made during the Senior Officials' Meeting of the 6th Cambodia-Thailand Joint Trade Committee (JTC) held in Phnom Penh on Mar. 13.

The Cambodian side was headed by H.E. Sok Sopheak, Under Secretary of State for Commerce of Cambodia and the Thai side was led by Mr. Boonyarit Kalayanamit, Director General of Trade Negotiations at the Ministry of Commerce of Thailand.

According to a press release issued after the meeting, the two sides had intensive and exchange of views on how to reach the trade target agreed by the two Prime Ministers to boost bilateral trade volume to 15 billion dollars by 2020. The two sides have explored possible areas of cooperation, including the Growth Strategy of Border Provinces' Economic Cooperation, Cooperation on Trade of Agricultural Products, Trade Facilitation, Cooperation on Trade and Investment, Cooperation on Connectivity, Agreement of the Avoidance of Double Taxation, etc. Both sides agreed to work together to facilitate bilateral trade and to resolve outstanding issues, in particular, the export of agricultural products, the goods in transit, the expansion of traffic rights.

Both sides reiterated their commitment towards strengthening mutually beneficial relationship especially in the field of promoting two-ways trade, particularly to promote border trade which has significantly contributed to the total trade between the two countries, connectivity, agriculture, and entrepreneurial development, it added.

Both sides will report the meeting's result to the Ministerial Meeting of the 6th JTC which will be held tomorrow, concluded the press release.

Source: Agency Kampuchea Press