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NEWS- Thailand to Negotiate with My
Thailand to Negotiate with Myanmar on Border Trade
Xinhua
11-JAN-98
BANGKOK (Jan. 12) XINHUA -
Thailand will negotiate with Myanmar
to resume border trade after two
months of border closure halted
millions of baht's worth of business
transactions.
Thai Deputy Commerce Minister
Pothipong Lamsam was quoted
Monday by the local press as saying
concerned agencies would travel to
Yangon soon to persuade the
Myanmar authorities to lift an order
issued in November to close three
border passes between the two
countries.
Myanmar reasoned that the closure
would enable it to streamline its
border trade formalities and set up
new orders requiring that all business
transactions be made through banks
in order to meet international
standards.
But Pothipong said he wants the
implementation of the
business-via-bank requirement to be
delayed as both sides need time to
prepare for the new system.