The Thai Footwear Industry To Promote Bilateral Trade

Director of the Department of foreign trade, said Peng Peng, Thailand and Burma business community to actively strengthen cooperation, and strive to improve bilateral trade volume, and Thailand products in Burma market is also widely welcomed by local people.

He said that the business delegation from the Thailand government and non-governmental organizations visited Burma and Yangon for business contacts. A total of 69 representatives from Thailand and Myanmar were represented. Among them, 48 were Myanmar and 21 were Thai, and 7 companies successfully reached a business cooperation agreement.

The business delegation also visited the Success creator garment factory, a famous Burma enterprise, which imported raw materials from China and Thailand for processing and production. All raw materials from Thailand were imported through the night lock and pported to Yangon by freight cars.

At the same time, the CMP shoe factory in Burma was also visited, of which about 80% of the shoe making plants were from Thailand and the rest were imported from China. The main shoes were Burmese people's favorite slippers.

He said,

In terms of bilateral trade and investment, bilateral trade totaled 230 billion baht last year. Thailand's total exports amounted to 110 billion baht and 120 billion baht. Thailand's trade deficit with Burma was mainly due to the import of large quantities of natural gas from Burma.

The total investment of Thailand in Burma is second only to China, ranking the second largest investor in Burma, but there is a trend of increasing investment.

Thailand's investment in Burma is mainly concentrated in manufacturing, hotels and tourism, fishing, mining and so on, while Thailand products are more popular among the Burma people in Burma market.

There are still some obstacles to trade and investment with Burma. For example, various investment regulations and regulations are not clear, because Burma is still in the process of formulation and adjustment, and relevant laws and regulations will also be promulgated. For example, the laws and regulations of the special economic zones, labor laws and public utilities act are still inefficient, or the legislation is not comprehensive, the implementation is not coherent and is not in line with international practices.