Myanmar consumers still prefer Thai products

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BANGKOK, Aug 13 — The director-general of the Department of Foreign Trade said Thai and Myanmar investors were doing businesses well together and that Myanmar people were interested in the high quality of Thai products.

Duangporn Rodphaya said her recent trip leading government and private representatives to Yangon resulted in a business matching session and seven of the 11 companies participating in the trip successfully completed business agreements with Myanmar operators.

Myanmar welcomes international trade and investment and has an edge for its area, resources, labour that forms 60 per cent of its total population, its location adjacent to India, China and Thailand, economic reform and economic development cooperation with other countries.

Ms Duangporn said that last year the value of Thai-Myanmar trade amounted to Bt230 billion, consisting of Bt110 billion in Thai exports to the country and Bt120 billion in Thai imported from Myanmar.

The trade deficit resulted from importing natural gas.

Thailand is the second biggest investor in Myanmar after China and its investment is growing.

Thai investors focus on energy, production, hotels and tourism, fishery and mining sectors.

Meanwhile, Myanmar people prefer Thai products for their better quality compared with those from China.

Unclear investment laws and regulations and substandard infrastructure and public utilities are obstacles to investment in Myanmar.