M’sia-Thai trade to hit US$30bil

KUALA LUMPUR: Encouraging greater cross-border trade and investments will help both Malaysia and Thailand in achieving US$30bil worth of bilateral trade by 2018, said the National Chamber of Commerce and Industry of Malaysia (NCCIM).

Vice-president Datuk Liew Sew Yee said its Thai counterpart had submitted proposals to boost border trade, which accounted for over 60% of the current trade between both countries. “Our Thai counterpart has proposed 24-hours or longer custom operation hours at the border to facilitate movement of goods.