Stronger ties with Cambodia sought ahead of rice-trading zone
Thailand will forge closer ties with Cambodia and other neighbouring countries to increase competency in rice trading and boost the bargaining power of Asean countries by setting up a rice-trading zone soon. Also, Thailand will expand crop cooperation to cassava to raise farm incomes in the region. … Thailand will help Cambodia promote its cassava under the same concept of rice trading. It will help encourage more trading of cereals, such as cassava and maize, by promoting contract farming to ensure stable incomes for farmers. The JTC will discuss a strategy to promote bilateral trade with an emphasis on cross-border shipments, which account for 65 per cent of two-way trade value. … Last year, two-way trade was valued at US$4.03 billion (Bt116 billion), or 0.84 per cent of Thailand’s total trade. Exports to Cambodia were worth $3.78 billion against only $249.5 million for imports from that country. …
