BANGKOK, 12 June 2015, Commerce Minister General Chatchai Sarikalya yesterday stated numerous investors have shown interest in Songkhla province’s Special Economic Zone (SEZ).
The minister said the area has various attractive businesses, such as para rubber processing, logistics, and commercial storage.
The province has one of the highest trade values among border provinces. Songkhla last year saw an estimated 507.67 billion baht in border trade, a 1.25 percent increase from the previous year. During the first four months of this year, Thai-Malaysian border trade was valued at 154 billion baht.
However, General Chatchai believed that Thai-Malaysian border trade has been on the decline over the last couple years, due to a decrease in the price of latex.
Nonetheless, Thai-Malaysian border represents a key component in developing the Kingdom’s economy. General Chatchai said the area acts as a gateway to the North-South Economic Corridor, a trade route linking Malaysia and Singapore.