Economy and Investment

Thai-Cambodian trade strong despite unrest

by Duangkamol Buranasomphop

Thai-Cambodian trade str
 

            Economic ties between Cambodia and Thailand will continue their upward trend despite the prospect of more leadership changes in Bangkok, officials from both countries said yesterday.

            Jiranun Wongmongkol, minister counselor for the Thai Embassy in Cambodia, said that she was confident bilateral trade would keep up around its current pace even if there were a change of power in Thailand.

            “Business relations among business partners of the two nations are still good,” she said.
Wongmongkol’s statement comes as Thailand’s political crisis reaches fever pitch, with anti-government protesters calling for the installation of an unelected prime minister after Yingluck Shinawatra was ordered to stand down as premier by the Thai Constitutional Court for abuses of power last week.

            Seemingly unaffected by the ongoing political turmoil in Thailand, bilateral trade between the nieghbouring countries reached $852 million during the first quarter this year, up 18 per cent from the same period last year.

            “The relationship between Cambodia and Thailand will remain the same, nothing will change even if there is a change of Thai government,” Wongmongkol said. There is, however, an emerging shift being brought on by Thailand’s turmoil. Wongmongkol said that some Thai businesses were looking to relocate over the border, citing garment factories and rice millers that had recently opened in Koh Kong and Banteay Meanchey provinces.

 

Content: englishnews.thaipbs.or.th
Picture: englishnews.thaipbs.or.th

Duangkamol Buranasomphop

ข้อมูลทั่วไปเกี่ยวกับ AEC