15 Nov 2019
Trading
The latest development at the Thailand-Myanmar border this year is very interesting with the opening of the second Thai-Myanmar Friendship Bridge at the Mae Sot checkpoint in Tak on October 31, 2019. The new bridge was built to ease traffic congestion at the first friendship bridge. Moreover, the authorities have planned to extend the business hours to facilitate the transport activities there. Additionally, the Initial Implementation of Cross-Border Transport Facilitation Agreement (IICBTA) for countries in the Greater Mekong Subregion (GMS) and its addendum, that Myanmar commenced the agreement with Thailand on October 22, 2019, will facilitate transport at the Myawaddy-Mae Sot checkpoint in Tak. Authorized vehicles from each side will be able to cross the border and be granted a permit to stay in the other country for 30 days. Therefore, cargo trucks from Myanmar can cross the Mae Sot checkpoint to two destinations, namely, Laem Chabang Port, Chon Buri, and the border province of Mukdahan. At the same time, vehicles from Thailand can carry goods from the Mae Sot checkpoint all the way to the Thilawa Special Economic Zone (SEZ) in Yangon (extended from Myawaddy originally). This will help Thai companies save time and transport costs and facilitate exports via cross-border trade.... Read more
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