Thailand’s Ministry of Commerce’s Trade Policy and Strategy Office (TPSO) organized the CLMVT+ Forum 2021 on 24-26 August. The forum highlighted the TPSO study emphasizing the importance of achieving an even economic recovery in the GMS.
Trade promotion agencies of Cambodia, India, Thailand, and Viet Nam held an event promoting cross-border trade connectivity between India and countries in the Greater Mekong Subregion (GMS) on 19 August. Representatives from each country gave briefings on their business environment and exchanged experiences in facilitating trade and investment cooperation. Noting challenges caused by COVID-19, they urged governments to take measures to help their small and medium-sized enterprises (SMEs) move beyond national borders and expand markets.
The Governments of Lao People’s Democratic Republic and Viet Nam inaugurated the Dakta Ok (Se Kong, Lao PDR) – Nam Giang (Quang Nam, Viet Nam) border gates on 14 August 2021, which were upgraded to international status this year. This new international cross-border point is expected to further boost bilateral trade, investment, and tourism, and promote opportunities for cooperation between Viet Nam’s central key economic zone and Lao PDR’s south-central region, as well as Thailand’s southeast region.
The Asian Development Bank (ADB) and the Government of Thailand held the first Policy Platform meeting as part of the Thailand: COVID-19 Active Response and Expenditure Support (CARES) program on 9 August. The meeting was led by Mr. Arkhom Termpittayapaisith, Finance Minister of the Government of Thailand and Asian Development Bank (ADB) Governor, and Mr. Ahmed M. Saeed, Vice-President (Operations 2), ADB.
The Energy Division of the Asian Development Bank’s Southeast Asia Department launched the Accelerating the Clean Energy Transition in Southeast Asia knowledge and support technical assistance to support the countries of Southeast Asia (SEA) accelerate their transition to cleaner forms of energy.
Mr. Nguyen Hong Dien, Viet Nam’s Minister of Industry and Trade, requested support from Mr. Lu Xinshe, Party Secretary of the Guangxi Zhuang Autonomous Region of the People’s Republic of China (GZAR, PRC), to facilitate cross-border trade between Viet Nam and the PRC by (i) upgrading border gates, (ii) restoring customs services at sealed off border gates, and (iii) extending the operating hours of customs clearance services at border gates, border crossings, and markets.
The Thai Durian Association called on the Government of Thailand to ease the bottleneck hindering durian exports to the People's Republic of China (PRC) by linking Thailand's rail network with the Lao PDR-PRC railway. The railway offers a potential route for durian shipments to the PRC, where there is huge demand for the fruit. Mr. Phanusak Saiphanich, chairman of the association, notes there is currently no connection between the Thai rail network and the Lao PDR-PRC railway.
Cross-border highway freight service in Chongqing, People's Republic of China, grew significantly in the first half of 2021. Data from Chongqing Highway Logistics Base showed that 1,666 trucks transported goods worth about 997 million yuan ($154 million), up 70% and 107% year on year, respectively, from January to June. Chongqing launched its cross-border highway freight service in 2016. This year, it started new highway cross-border freight routes linking the inland city with Vientiane, Lao PDR. The service presently operates nine routes linked to ASEAN countries and Central Asia.