Cambodia and Thailand are planning to open four new border crossings in four provinces as part of a move to increase trade between the two countries, officials said yesterday. Photo: Banjamin Lyons
So far there are already seven border crossing points are in Poipet, Koh Kong, Pailin, Battambang, and two are in Oddar Meanchey.
And four new are:
1)- Anses international gateway
It is connecting Preah Vihear with Thailand’s Ubon Rachathani
2)- Phnom Dei Checkpoint
It will border Cambodia’s Battambang province and Thailand’s Sa Kaeo province.
3)- Thmo Da border crossing
It is connecting between Cambodia’s Pursat province and Trat province of Thailand
4)- Chob Koki border crossing
It is connecting Cambodia’s Oddar Meanchey province and Thailand’s Buri Ram province.
All of the border crossings are expected to be completed in this year, according to the meeting between Prime minister Hun Sen and Thai ambassador at Council of Ministers recently.
Through the four new border crossing are very important to enhance both countries' economy and friendship. There are 2 factors that expecting to improve:
Economic Corridor
The new border crossings have the potential to expand land routes along the Greater Mekong Subregion, the flagship regional-integration project of the Asian Development Bank (ADB). It is an economic corridor that includes Cambodia, Laos, Myanmar, Thailand and Vietnam, as well as parts of southern China. Cambodia sits on the southern corridor that connects Bangkok to Ho Chi Minh City.
Since 1992, $11 billion worth of infrastructure projects have been implemented with the ADB and other donors, though shoddy Cambodian roads still pose a hindrance.
According to Nippon Express, a Japanese logistics company, road improvements along the east-west Mekong corridor have made it easier to deliver shipments on time, saving money and reducing the risk of accidents. Faster delivery times are improving the interconnectivity of industries along the route.
Thai Investment
Thailand also plans to break ground on a new institute of technology in Thpong District in Kampong Speu in February. Thai investors also plan to set up nearby farms covering about 200 hectares to raise cattle and poultry and plant trees.
Thai experts have trained Cambodia’s agricultural communities to pack fruit and improve production in the provinces of Koh Kong and Oddar Meanchey.
Cambodia-Thailand trade was worth $5.14 billion last year – Thai exports worth more than $4.5 billion and Cambodia’s export to Thailand was $590 million.
In 2013, the two-way trade was $4.5 billion of which Cambodia’s import from Thailand was $4.2 billion and Cambodia’s exports worth $355 million.
Thai investment in Cambodia was worth more than $25 million last year, compared with $32 million in 2013.
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