Shan state meet to promote trade

Shan state meet to promote trade

Women in Shan State take part in celebrations to mark the 70th Shan National Day in February. Officials hope to boost trade with the large state in Myanmar.
Women in Shan State take part in celebrations to mark the 70th Shan National Day in February. Officials hope to boost trade with the large state in Myanmar.

The Foreign Trade Department will lead a mission to Myanmar's Shan state in an attempt to boost border trade.

Deputy director-general Adul Chotinisakorn said the trip is scheduled for Aug 7-12 with private organisations set to join the delegation.

The aim is to expand border trade by 5% this year to 1.8 trillion baht.

Mr Adul said the mission will serve as a follow-up after planning, economy and finance ministers from Shan State visited Thailand to take cues on developing tourism and other industries back home. Shan State borders China, Laos and Thailand.

This region of Myanmar welcomes investment from Thailand, particularly in hotels, restaurants, agro-industries, electricity, livestock and other tourism-related businesses, Mr Adul said.

"There are also well-known tourist destinations in Shan State such as Inle Lake and Taunggyi city that can be developed into famous attractions in the future," he said.

Mr Adul said several Thai companies will join the trip, including the Provincial Electricity Authority (PEA), Bangkok Mass Transit System Plc, the Port Authority of Thailand and Amata Corporation Plc.

Tighter trade and investment ties are expected to boost border trade, which was worth roughly 1.4 trillion baht in 2016, he said.

The figure accounts for nearly 10% of Thailand's 13-trillion-baht GDP.

The Commerce Ministry hopes to boost border trade by 5% from 1.4 trillion last year to 1.8 trillion baht this year.

Trade value at Chiang Rai's Mae Sai checkpoint, which borders Myanmar's northern region close to Shan State, has climbed to 8.9 billion baht. Thai exports make up 8.7 billion baht of this, creating a huge trade surplus.

As a result, Thailand plans to hold a bilateral trade fair in Mae Sai district during Aug 25-29 to accelerate trade activities and business matchmaking.

Mr Adul said that during initial talks with the Shan State ministers they expressed interest in building a transport link from Mae Sot district in Tak to Myanmar's Mandalay and southern China to boost consumption.

Do you like the content of this article?

Relaxation on income and property taxes

The cabinet on Tuesday extended the deadline for personal income tax reports and cut land and building tax and property transaction fees to help cushion the effect of Covid-19.


Immigration inspector shunted over visa for pirated goods smuggler

An immigration inspector in Buri Ram province has been transferred to an inactive post over the approval of a visa to study Buddhist dhamma for a Chinese man who was subsequently caught in Bangkok trading in counterfeit goods.


More elderly told to repay huge sums to state

NAKHON RATCHASIMA: More cases have emerged of elderly people being told to return tens of thousands of baht to the state after it determined they were not entitled to the allowances they received for years.