The Nation
Published on November 14, 2009
(Posted by CAAI News Media)
Cross-border trade with Cambodia is holding up despite the diplomatic row between the countries.
"There has been no disruption yet in border trade with Cambodia. The conflict is likely to affect new investment projects, rather than existing ones. Most new projects involve agricultural projects and restaurants," Niyom Wairatpanij, chairman of the Thai Chamber of Commerce's border trade committee, said yesterday.
Deputy Commerce Minister Alongkorn Ponlaboot reiterated that commercial business with Cambodia was normal. He insisted there had been no violence against Thais in Cambodia, but that a contingent evacuation plan was ready should the situation deteriorate.
The value of Thailand's cross-border trade with Cambodia is generally lower than that with its other immediate neighbours.
Niyom said last year's border trade with Malaysia was the highest at Bt400 billion, followed by about Bt150 billion with Burma.
Laos was ranked third, followed by Cambodia.
In the first nine months of this year, cross-border trade with Cambodia was estimated at Bt32 billion, out of an overall bilateral trade value of Bt39.53 billion. Border trade generally accounts for 80 per cent of the total.
Regarding overall Thai trade with the Kingdom's nine fellow Asean members, the value of exports to Cambodia ranked eighth at US$1.14 billion (Bt38.2 billion) in the first nine months of the year.
This was higher only than Brunei, which imported $88.3 million from Thailand, according to Commerce Ministry data.
Thai-Asean
- The value of export and import between Thailand and 9 Asean members in the first 9 months
destination/export/import (US$)
Singpoare - 5.4 bn/4.17 bn
Malaysia - 5.33 bn/5.95 bn
Indonesia - 3.2 bn/2.72 bn
Vietnam 3.2 bn/1 bn
Philippines - 2.14 bn/1.19 bn
Laos - 1.18 bn/325.9 mn
Burma - 1.09 bn/2.08 bn
Cambodia - 1.14 bn/42.9 mn
Brunei - 88.3 million/63.9 million
Source: Commerce Ministry
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