Bangkok (VNA) - Thailand’sCommerce Permanent Secretary Chutima Bunyapraphasara said the Ministry ofCommerce (MoC) is intensifying connectivity between Thai investors and groups andleading trade and investment businesses from Cambodia, Laos, Myanmar andVietnam (CLMV). 

Chutima Bunyapraphasara was cited by local mediaon June 26 as saying that the ministry will accelerate the establishment ofbusiness networks between Thai investors and enterprises as well as the privatesector of CLMV in order to exchange experience and expand businessopportunities in these countries. 

Besides, the MoC established the New EconomyAcademy which operates under the supervision of the International TradePromotion Department to support Thai small-and medium-sized enterprises atdifferent levels and sectors, while increasing the use of technologies toexpand trade channels and improve competitiveness. 

Chutima Bunyapraphasara said the Thai Governmentwill offer incentives in various fields at the Eastern Economic Corridor in abid to raise Thailand’s trade and investment values with its neighbouringcountries. 

On June 19, Thai Deputy Prime Minister SomkidJatusripitak said Thailand is building a master plan to enhance trade andinvestment ties with CLMV in order to ensure all five countries continue toprosper amid strong global competition.

The plan is expected to help Thailand intensifypragmatic relations with CLMV and double their two-way trade while opening upopportunities for Thai businesses to expand their investments in CLMV and viceversa.

Last year, the total trade value betweenThailand with CLMV reached 30.94 billion USD. Vietnam led the way withbilateral trade worth 13.85 billion USD, followed by Myanmar, Cambodia andLaos.-VNA