BANGKOK, 16 January 2013 The cabinet has given a green light to the Transport Ministry to ink a memorandum of understanding (MoU) with Laos and China on tariffs imposed on exporting goods being transported through the R3A road, which connects Thailand, Laos, and China.
According to Transport Minister Chatchart Sittipan, the MoU to be signed by the 3 countries will allow 100 vehicles per country per day to pass through the R3A route without having to pay tariffs for the cargoes they carry. He said the MoU is hoped to boost up border trading in that area.
The cabinet members were also informed that the Italian-Thai Development Company would be investing in the projects in the Dawei economic zone.
The cabinet also resolved to approve the Japan International Cooperation Agency (JICA) to invest in Thailand’s infrastructure, fixing up the 20-kilometre long section of the Bang Pa In- Wang Noi route, which was damaged by floods. The construction is expected to begin within 2 months, at the budget of 2.1 billion baht.