Ahead of World Court ruling, Thailand & Cambodia cement ties with Contract Farming

Ahead of a World Court ruling that could see Thailand and Cambodia relations tanks, as Thailand’s nationalist are demanding Thailand not accept a judgement negative to Thailand, the two countries are pushing ahead for closer relations. The two countries have signed a Memorandum of Understanding (MOU) on Cooperation in the Promotion of Contract Farming under the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMEC). The signing ceremony took place in Bangkok on 11 June 2013 after the conclusion of the 1st Meeting of the Joint Committee on Border Area Development and Connectivity between Cambodia and Thailand. Representing Thailand at the signing ceremony was Deputy Prime Minister and Foreign Minister Surapong Tovichakchaikul, while Cambodia was represented by Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Hor Namhong. A report from the Ministry of Foreign Affairs said that contract farming is an important project under the ACMECS framework. By encouraging Thai entrepreneurs to invest in the agricultural sector in Thailand’s neighboring countries, contract farming helps generate both employment and income, thereby playing an important role in narrowing the development gap in the Mekong subregion. It will also help prepare Thailand and its neighbors for the soon-to-be ASEAN Community. (Source)

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