Explosive Thai Myanmar trade to US$6 billion, to lift Thai Myanmar’s Dawei faltering prospects?

English: Dawei, Burma. Image taken by MikeRuss...

English: Dawei, Burma. Image taken by MikeRussia on flickr. The creator has granted GFDL licensing and permission for use in the wikimedia project. (Photo credit: Wikipedia)

Khao Sod, Thailand’s press for the grassroots, reports that Thai Myanmar trade have expanded to close to US$6 billion, up some 22% in the first 9 months of this year. However, there have been a great deal of press reporting that the prospect of the Thai Myanmar industrial and post zone, of Dawei, is facing fresh difficulty, a a horde of problems, including the legal situation, have dimmed the Dawei prospect. Khao Sofd reports;  The trade between Thailand and Myanmar expanded 22% in 2013, after Myanmar opens its arms to welcome trade and investment, said Ms. Nantawan Sukuntanak, Director-General of the Department of International Trade Promotion (DITP).  In the first nine months of year 2013, the trade between Thailand and its neighbour generated at least THB 6 billion (USD 2,777 million), while Imports from Myanmar was up  12% to THB 90 billion (USD 2.9 billion).  Earlier this year, DITP expects the cross-border trade between two nations to hit 25% in 2013, and 30% in 2014, excluding of the border trades which are generally worth 3 – 4 times bigger than the conventional trades; trades along the borders of Thailand and Myanmar are conducted in less formal manner, without going through international banking system. Overall Thailand exports to members of the ASEAN also expanded 6.3% to THB 1.4 trillion, whereas imports from the Southeast Asian countries to
Thailand also grew to THB 0.991 trillion or at least 5.8%.

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