Monday, 28 July 2008

No slowdown in trade with Cambodia

The Bangkok Post

Deputy Commerce Minister Wiroon Techapaiboon on Monday affirmed that the Thai government has no policy to slow investment and trade in Cambodia despite continued border tension from the military standoff related to the Preah Vihear temple dispute.

Although there is some misunderstanding between Thailand and Cambodia over the issue, Mr. Wiroon said, the overall relations between both neighbours remains sound.

Nevertheless he said he believes the dispute will last only for the short run, and that it could be settled within one month.

At present, bilateral trade value has increased by up to 70 per cent with Thailand's importation of Cambodian products doubling, showing that normal trading activities are continuing smoothly.

He said that some Cambodians had reduced their purchase orders to import Thai goods, but believed the situation would improve after the talks between Cambodian and Thai foreign ministers are held, and the new Cambodian government is installed.

Mr. Wiroon reiterated that the Thai government had no policy to slow investment or shift production bases from Cambodia because the government sees bilateral trade cooperation as remaining good. (TNA)

No comments: