Thai Commerce Invited Cambodia Deputy Minister Commercial for site visit.
Aimed to expand Thai-Cambodian trade to 15 billion USD by next year.
26-8-2019–Deputy Minister of Commerce of Thailand invited Deputy Minister of Commerce of Cambodia to have site visit to see the potential of Thai agricultural products in Saraburi Province. After assigned the Department of Trade Negotiations to accelerate the expansion of trade cooperation with neighboring countries Guided the way to increase the value of the two-sided trade to 15 billion USD by 2020.
Mr.Wirasak Wangsuphakitkosol Deputy Minister of Commerce revealed that on 29 August 2019, he invited Mr. Sok Sopiak, Deputy Minister of Commerce of Cambodia led the Cambodian Ministry of Commerce officials to join the study area at the maize cultivation area in Saraburi Province that has been certified for good agricultural practices or GAP, which is a way of agriculture that helps produce quality and safety in accordance with the specified standards, covering from the management of inputs to after harvesting, to build confidence in the production of Thai potential agricultural products, in order to expand cooperation and reduce trade barriers between each other.
On the same day will take Deputy Minister of Commerce of Cambodia and the group to visit “Talad Thai” to study the management system of the central market that is the largest and largest in ASEAN, covering the products including vegetables, fruits, livestock, fisheries, etc. from all over the country which is believed to help push the value of trade between the two countries to reach US $ 15 billion Get it in 2020.
Mrs. Oramon Subthawitham Director-General of the Department of International Trade Negotiations added that after receiving the policy from the Deputy Minister of Commerce which focuses on increasing the value of Thai-Cambodian trade by expanding cooperation and reducing trade barriers and promote agricultural products that have the potential among each other.
The Department of Trade Negotiations has organized a seminar and study tour to enhance the capacity of officials of the Ministry of Commerce of Cambodia (Capacity Building Program for Officials from the Ministry of Commerce of Cambodia) during 26-29 August 2019, which is a continuation of the results of the Joint Trade Committee meeting (JTC) Thailand – Cambodia The 6th, wanting to push the value of trade between the two countries to $ 15 billion by 2020.
Mrs. Oramon added that the cooperation in agricultural product trade is one of the main issues of operation. On August 29, 2019 The Deputy Minister of Commerce of Thailand will lead Mr. Sok Sopakoy, Deputy Minister of Commerce of Cambodia and a group of study to visit the maize planting area in Saraburi province that has been certified for Good Agricultural Practices or GAP, which is a guideline in agriculture that helps to produce quality and safe products that meet the standards which was set, covering from managing inputs to harvesting.
The representatives of the Department of Agriculture and the National Bureau of Agricultural and Food Standards Participate in sharing the knowledge of quality control and compliance with the requirements for importing Thai maize to the Cambodian faculty as well.
This area will create knowledge and understanding in the implementation of the GAP guidelines as well as an opportunity to exchange experiences of both parties in order to develop further cooperation.
In the afternoon of the same day, Thursday 29 August, the Deputy Minister of Commerce will lead the Cambodian delegation to study at the Thai market to study the management system of the largest and most central market in ASEAN.
The four days of the seminar and study tour, there will be also the knowledge about the management and promotion of the domestic market of Thailand, E-commerce, such as electronic commerce registration and sharing experiences on creating Thaitrade.com website, including a study visit at Amazon Global Selling, a world-class company that is successful in electronic commerce.
Believe that the success of the project not only helps to strengthen economic relations between the two countries to be able to grow to the targeted trade value as soon as possible but will help build friendships at the level of the officials who are ready to move forward as an ASEAN citizen as well.
In 2018, Cambodia was Thailand’s 6th largest trading partner in ASEAN and No. 18 of Thailand in the world in the year. 2018 Thai-Cambodian trade is worth 8.388 million US dollars. Increase from the previous year percentage 35.54 by which Thailand is a trade surplus of 6.852 million US dollars For the first 7 months of 2019, Thai-Cambodian trade totaled at 5.064 million US dollars. Increased from the same period of last year by 10.52 percent. It is expected that the 7th JTC meeting will be hosted by Thailand in 2020 as well.
