Cambodia, Thailand committed to reach $15 billion in bilateral trade by 2025
Cambodia and Thailand are working to push bilateral trade to reach $15 billion by 2025, said a senior official of Thailand’s Ministry of Commerce.
Cambodia and Thailand are working to push bilateral trade to reach $15 billion by 2025, said a senior official of Thailand’s Ministry of Commerce.
The official and friendly visit of Cambodian President of the National Assembly Khuon Sudary to Thailand symbolises the strengthening of people-to-people relations between the two countries.
Thailand and Cambodia will soon open the Ban Nong lan-Stung Bot border gate to boost logistics and trade between the two countries.
Cambodia-Thailand bilateral relations will be better and stronger, especially cooperation and exchanges in all fields, including promoting the national economy and the living standards of the people
Cambodia and Thailand Thursday pledged to further strengthen key aspects of cooperation in areas of trade, investment, connectivity and digital economy.
Cambodia’s exports to Thailand reached more than $527 million in the six months from January to June 2023, an increase of 6.5 percent compared to the same period in 2022, m amounting to more than $495 million.
As the number of merchants where KHQR can be scanned in Thailand has soared to 7.6 million; in Cambodia the ThaiQR can now be scanned at 1.5 million merchants, a release by National Bank of Cambodia (NBC) said.
The bilateral trade between Cambodia and Thailand increased significantly to $8,589 million in the ten-month period of 2022, up 29 percent compared to the same period last year.
Trade between Cambodia and Thailand went up by 26.46 percent in the first seven months of the year to $2.781 billion from $2.199 billion during the same period last year.
Despite the effects of the Covid-19 pandemic, the bilateral trade between Cambodia and Thailand showed significant growth in the last three years.
A delegation of top executives of 70 businesses in Thailand is set to pay a two-day trade visit to Cambodia led by the president of Thai Chamber of Commerce.
Bilateral trade between Cambodia and Thailand increased as both sides eased Covid-19 restrictions leading to the opening of the borders for goods and people.
The Kingdom imported more than $1.3 billion worth of goods from Thailand in the first two months of this year, a 3.3 percent year-on-year increase.
The bilateral trade between Cambodia and Thailand was valued at $7.97 billion last year, a 10.26 percent increase compared to a year before.
Thailand says it will take longer than expected to reach a $15 billion bilateral trade target with Cambodia as both countries recover from the economic impact of the Coronavirus pandemic and trade next year is likely to be less than half the goal.
The bilateral trade between Cambodia and Thailand was valued at $5,238 million in the first eight months of this year, inching up 3.14 percent compared with the same period last year.
Cambodia and Thailand have pledged to facilitate the two nations’ bilateral trade at cross-border checkpoints in order to boost it towards its previously set target of $15 billion.
Cambodian exports to neighbouring Thailand were valued at $402 million in the first four months of this year, a 41 percent decrease compared with the same period last year.
Bilateral trade between Cambodia and Thailand continued to contract amid the efforts of both governments battling to overcome the COVID-19 pandemic and return social and economic development to normal.
Bilateral trade between Cambodia and Thailand was valued at $1.298 billion for the first two months of 2021, a slide of 20.5 percent downwards year-to-date.
Bilateral trade with Thailand has started early 2021 on a downward note.
Business of trucking continues both ways between Cambodia and Thailand.