Thai and Cambodian traders sign tens of business deals, worth nearly THB 2,000m.

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SIEM REAP, 27 June 2015 (NNT) – Nearly a hundred of senior Thai officials and entrepreneurs from six lower northeastern provinces met with counterparts from five Cambodian border provinces on June 26th in Siem Reap, Cambodia, to discuss their cooperation in trade, investment and tourism.

Surin Governor Niran Kalayanamit led 39 officials and 57 Thai entrepreneurs from Nakhon Ratchasima, Buriram, Surin, Chaiyaphum, and another two provinces sharing their border with Cambodia – Ubon Ratchathani and Si Sa Ket to a meeting with representatives from neighboring Cambodia.

At the meeting, thirty-one business deals, worth nearly two thousand million baht, were signed. Another ten deals came after the end of business matching, bringing around fifteen million baht more to the Thai-Cambodian trade.

Witnessed by Provincial governors from both sides, Thai and Cambodian entrepreneurs signed thirteen contract farming agreements worth THB1,676m. in total, in trading of cassava chips, broken rice, Khmer mangoes, raw cashew nuts and soybeans.

Eighteen other deals, worth THB135m., were made during negotiations in the business matching process. Products to be traded include building materials, foods, health and beauty items, hotels and tourism, agricultural goods and miscellany.

In terms of co-investment, Thai and Cambodian entrepreneurs agreed to invest in an air-conditioned bus service between Chong Chom (O’Smach) and Siem Reap. The service is expected to begin before the Amazing Surin Elephant Round Up 2015 as it would facilitate Cambodian visitors to the fair.