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InfoQuest

Ministry of Commerce to hold Thailand-Myanmar Border Trade Fair on July 4-7

July 02, 2019


Abstract : Director general of the DFT revealed that DFT will work with government agencies and private sectors to hold Thailand-Myanmar Border Trade Fair 2019 on July 4-7, seeking to promote growth in economy, trade and investment in Thailand-Myanmar border and neighboring regions. 

InfoQuest, (July 01, 2019) -- Mr. Adul Chotinisakon, director general of the Department of Foreign Trade (DFT), revealed that DFT will work with government agencies and private sectors to hold Thailand-Myanmar Border Trade Fair 2019 on July 4-7, seeking to promote growth in economy, trade and investment in Thailand-Myanmar border and neighboring regions.

DFT will join hands with entrepreneurs from Thailand and Myanmar to showcase and sell signature products of the two countries. The fair will offer 150-plus booths, covering products of food and beverage, health and beauty, fashion and lifestyle, and home appliance. A parallel session is the seminar for the development potential of trade enterprises in Thai's border regions, with attendees from small- and medium-sized enterprises, and startups. Topics of the seminar include: how to shape trade advantage, how to develop products, skills in marketing and foreign market development, using trade war as a chance to expand trade and investment, and enhancing competitiveness in global market. Meanwhile, 20 pairs of entrepreneurs from Thailand and Myanmar will engage in business negotiation. It is expected that the fair will boost economic growth in border regions in a sustainable way.

At the same time, DFT has invited government and private sector of Myanmar to the fair. Guided by Thai government's policies on border trade and investment facilitation and Myanmar's policies under the framework of regional economic cooperation, efforts will be made to intensify bilateral relationship and establish business network between the two countries.

Tak, which borders Myanmar's major business city Myawaddy, ranks 1st in terms of Thailand-Myanmar border trade and is highly valued by Thai government, said the director general. Tak is a region with great development potential and a trade checkpoint connecting with Myanmar, which is favorable condition for border trade and investment. That is why Thai government established special economic zone in Tak. According to the data of border trade in 2018, Tak's total volume of border trade was as high as 77,961.71 million baht, including 71,935.15 million baht of export and 212.14 million baht of import, both showing a trend of increase each year. The major exports include diesel, non-alcoholic beverage, fabric, and thread. The major imports include: dairy cattle, water buffalo, pig, goat, sheep, oil crops, oil products, and circuit breaker.

"We expect that the fair will boost economy, trade, and investment, and tourism in Tak," said Mr. Adul.

Source: InfoQuest, by Phana/Tanawat/Rachada, translated by Xinhua Silk Road

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