Logo of Phnom Penh Post newspaper Phnom Penh Post - Thai government seeks more funding from Beijing

Thai government seeks more funding from Beijing

Content image - Phnom Penh Post
Map showing the proposed route for a highway from Bangkok to Kunming. Creative Commons

Thai government seeks more funding from Beijing

Thai deputy Prime Minister Jurin Laksanawisit led other Asean ministers in discussions with China on upgrading their trade partnership, aiming to obtain an additional $18 million for three projects including a highway linking the Thai capital to Kunming in the southern Chinese province of Yunnan.

Jurin, who is also the commerce minister, said after the 18th Asean-China Economic Ministers Meeting in Bangkok on Monday that the next step is to improve cooperation in three aspects.

“[Some members of] Asean and China have had a free trade agreement, or FTA, for more than 15 years,” he said.

As of last month, all the bloc’s members have signed the Asean-China free trade agreement.

“From now on we will focus on opening markets for additional products, improving existing regulations to suit modern trading, and preparing for future investment policies,” he said.

Laksanawisit said China has established a Mekong-Lancang Cooperation fund of $42 million to support Asean operations.

“We have already assigned $7 million of this fund to prepare an online platform for Asean tourism and the training of entrepreneurs regarding rules of product origin,” Jurin said.

“After this meeting, Thailand aims to seek additional funding of $4 million from China to support three projects.”

“These projects are the R3A Highway connecting Bangkok to Kunming, development of new-generation entrepreneurs, and development of online trading among Cambodia, Laos, Myanmar, Vietnam and Thailand.”

The Chinese delegates have acknowledged this request and will seek advice, Jurin said.

Last year, trade between Asean and China exceeded $479 billion, making the Asian giant Asean’s biggest trading partner responsible for 17 per cent of the regional bloc’s global market share. THE NATION/ANN


  • All inbound flights set to face added scrutiny

    Ministry of Health spokesperson Or Vandine said on Monday that the ministry is monitoring all inbound flights, after it was announced that only those from Malaysia and Indonesia will be temporarily cancelled from August 1. Vandine said on Monday that the two countries were identified as

  • Flights from Indonesia, Malaysia cancelled

    A Ministry of Health official has warned of the possibility of Covid-19 spreading through community transmission after the total infected cases in the Kingdom rose to 225. Ministry spokeswoman Or Vandine told reporters on Saturday that the possibility of community transmission cannot be overlooked and that

  • Man in quarantine dies of ‘overdose’

    The Ministry of Health on Thursday said a Cambodian migrant worker who died while being isolated at a quarantine centre in Tbong Khmum province’s Kroch Chhmar district may have died from syncope or overdose of tablets. In a statement, the ministry said the 21-year-old

  • Ministry set to reopen 20 schools in August

    The Ministry of Education, Youth and Sport will allow 20 high-safety-standards schools to reopen next month despite new cases of Covid-19 in the country. Ministry spokesperson Ros Soveacha wrote in a Telegram message on Wednesday that the schools are in Phnom Penh, Siem Reap and Battambang.