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BP: Cross-border deals up 138% in
- Subject: BP: Cross-border deals up 138% in
- From: suriya@xxxxxxxxxxxx
- Date: Mon, 18 May 1998 12:52:00
May 18, 1998
deals up 138% in 4
Malaysia biggest money-spinner
Border trade in the first four months of 1998 increased by
138% on that for the same period of last year, Deputy Prime
Minister Supachai Panitchpakdi said on Friday.
Dr Supachai said the value of border-trade from January to April
was 62.88 billion baht. Thai exports generated 50.23 billion
baht, up by 146.6%, leaving a trade surplus of 37.57 billion
baht, a 161.5% increase.
Trade with Malaysia - the biggest money-spinner - increase by
217%, while Laos and Cambodia jumped by 29% and 0.4%
However, border trade with Burma was down by 23% because
of the border skirmishes involving the Democratic Karen
Buddhist Army. Dr Supachai said Thailand would meet Burmese
officials in September to resolve the problem.
Releasing the trade figures after a meeting of the committee in
charge of border trade, Dr Supachai said one of the impediments
to greater border trade is the bureaucratic process which
involves checkpoints and checks by eight government
He said the committee had agreed that the complicated process
needed to be streamlined.
The committee recommended that the Customs Department
should take charge of all border trade and provide a one-stop
service centre for importers and exporters.
"Some border trade checkpoints have a few officials to run the
work but there are lots of exports and imports documents for
examination. Some needs special officials to supervise
import-export live animals. Some open and close at the fixed
time. Some especially at Pairin checkpoint in Chantraburi have
complex procedure because they are in the areas of the martial
law," said Dr Supachai.
The committee asked the Department of Foreign Trade to
establish a centre for border-trade information by September.
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