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.

“Both countries should also improve facilities such as transportation and logistic infrastructure at the border to further improve trade.We will study these requests and speak to the Government,” he told reporters. — Bernama

Malaysia , Thailand , trade