To Focus on Commercial Strength and Bilateral Investment for the Growth of CLMV Economy
Mr. Chanitr Charnchainarong, Chairman of Thailand-Cambodia Business Council (TCBC) revealed that TCBC in collaboration with The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB), and The Stock Exchange of Thailand (SET) arranged an activity to celebrate the 70th anniversary of Thailand-Cambodia diplomatic relations on February 11, 2020 at The Stock Exchange of Thailand. This activity was honorably attended by H.E. Pan Sorasak, Minister of Commerce of Cambodia, and the Chairman of JSCCIB (Mr. Suphan Mongkholsuthee. The activity involved the seminar entitled “2020s Decade of Challenging Economic and Trade Growth between Thailand and Cambodia: In Depth Views from Experts’ Perspectives”, and the Annual General Meeting of Thailand-Cambodia Business Council.
Mr. Chanitr added that this activity was the biggest event ever held. It was attended by over 500 top executives from Thai and Cambodian leading companies. He expected that the outcome of this activity focusing on commerce and investment in Cambodia in 2020s would be the guideline of business operations for leading Thai business persons, which was derived from the viewpoints given by Mr. Suppachai Veerapuchong, Thai businessman who was one of the most successful business persons in Cambodia and the heir of the owner of Tiffy (drug against symptoms of colds), Sara (antipyretic drug), Sofitel Phanom Penh Hotel, Channel 5 Television Station, and Lyon (leading beverage in Cambodia), who shared his in-depth experience for the first time together with Mr. Suon Sophal from Council for the Development of Cambodia who talked about the latest policy of investment promotion, and Mr. Jirawut Suwan-ad, Minister Counsellor (Commercial) of the Royal Thai Embassy of Phanom Penh. This would partially and quickly drive the commercial value to reach USD 15 billion as targeted by both countries. Throughout a period of 7 years, TCBC has driven the commercial value of both countries until it grew 2.5 times with the total commercial value of USD 9,416 million at present.
