Emails have a$ 15 billion deal goal for 2027.
According to Prime Minister Paetongtarn Shinawatra, Thailand and Cambodia have pledged to increase bilateral trade by$ 15 billion over the next two years.
She made the remarks on Wednesday, at the start of her two-day formal attend to the neighboring nation.
Before meeting with Thai Prime Minister Hun Manet, Ms. Paetongtarn also attended a welcome service at the Peace Palace in Phnom Penh.
They therefore simultaneously inaugurated a logo to commemorate the 75th anniversary of the establishment of diplomatic relations between the two nations and witnessed the signing of significant files.
Ms. Paetongtarn claimed at a joint press conference that she and her Vietnamese counterpart had had a pleasant and fruitful conversation.
We” reveal a strong commitment to deepen our participation, which is grounded in mutual respect, mutual trust, and mutual benefit,” she said.
Both parties reiterated their strategic relationship, she said, and a joint actions program was being developed to ensure that the people of both countries ‘ populations receive substantial benefits.
The two nations also applauded the beginning of the Thai Consulate General in Siem Reap and the future Vietnamese Consulate General in Songkhla state.
Both parties agreed to strengthen their surveillance relationship and encourage greater military cohesion at all levels, according to Ms. Paetongtarn, in order to maintain peace and stability along their shared border.
She expressed gratitude to Hun Manet for working closely with the two countries ‘ individual police forces to combat online scams.
She said,” We will continue to work together to eliminate these fugitive sites from the Thai-Cambodian border areas.”
She said that the signing of a memorandum of understanding on transboundary climate pollutants assistance may also enhance cooperation against PM2.5 pollutants through an exchange of information and power building among the two places.
The Thai prime minister stated that since Thailand is prepared to host a joint government retreat in one of these places, that both Thailand and Cambodia are committed to accelerating the development of border areas.
She added that the two nations will intensify de-mining efforts along the border and encourage cooperation between boundary exclusive economic zones.
We may also work toward the signing of a diplomatic road transport agreement that will permit private vehicles to travel across the border and create a cross-border rail freight service to lower logistics costs and improve efficiency, thereby enhancing connectivity between our two nations and beyond, according to Ms. Paetongtarn.
She continued,” We may expand economic participation and have a goal of increasing our business from US$ 10 billion to US$ 15 billion by 2027.”
Ms. Paetongtarn expressed appreciation for Hun Manet’s ongoing support for Thai traders, who are already the ninth-largest sources of foreign direct investment in Cambodia.
Additionally, the two nations agreed to work together within Asean to advance local financial cohesion and strengthen economic ties within the Mekong Subregion.
They also pledged to improve border crossings for commerce, progress the” Six Countries, One Location,” and release the border-crossing agreement to make it easier for tourists, she said.
Ms. Paetongtarn continued, saying that the two nations would work with Thai workers to ensure that they are hired through legitimate means so they can receive the appropriate benefits and benefits.
On Wednesday, Thailand and Cambodia signed a number of documents, including an agreement on the management, maintenance, and use of the Thailand-Cambodia Friendship Bridge ( Ban Nong Ian–Stung Bot ), an MoU on transboundary environmental pollution cooperation, an employment agreement between the two nations, and a pact on labor cooperation.
Other initiatives included establishing a skills development center and establishing a new gate at a border checkpoint in Chanthaburi’s Pong Nam Ron area.