Motorcycle tires being manufactured inside the Camel Rubber Vietnam Co. Ltd factory at the Lao Bao Commercial Area in Huong Hoa District, Quang Tri, Viet Nam. The tires produced by the company are sold locally and are also exported to Lao PDR, Cambodia, Thailand, European and South American countries, as well as to other countries in the ASEAN region. Photo by the Asian Development Bank.

ADB Promotes Trade and Cross-border Investment between SMEs in the GMS and India

The Asian Development Bank (ADB) approved a $3,000,000 technical assistance to support the implementation of initiatives to accelerate trade and cross-border investment between small and medium-sized enterprises (SMEs) of Cambodia, Thailand, Viet Nam—member countries of the Greater Mekong Subregion (GMS) program—and India. This ADB-administered technical assistance is financed by the United Kingdom Fund for Asia Regional Trade and Connectivity under the Regional Cooperation and Integration Financing Partnership Facility.

Projects

Myawaddy-Mae Sot border crossing. Photo: Go-Myanmar via Wikimedia, shared under CC BY-SA 3.0

Myanmar, Thailand Sign MoU to Boost Cross-border Trade

The Governments of Thailand and Myanmar signed a Memorandum of Understanding to improve immigration checkpoint and logistics clearances for cross-border trade in the Mae Sot (Thailand) and Myawaddy (Myanmar) checkpoint. The signing took place at the 23rd Ministerial Conference of the Greater Mekong Subregion Economic Cooperation Program.

GMS in the News

Second Thai-Myanmar Friendship Bridge linking Mae Sot, Thailand with Myawaddy, Myanmar. Photo: Lerdsuwa via Wikimedia, shared under CC BY-SA 3.0

Second Thailand-Myanmar Friendship Bridge to Stimulate Cross-border Trade

The Governments of Thailand and Myanmar officially opened the second Thailand-Myanmar Friendship Bridge to traffic on 30 October 2019 in Tak province, Mae Sot district, Thailand. The bridge crosses over the Moei river, and connects the Mae Sot District of Thailand with Myawaddy in Myanmar.   

GMS in the News

Lao People’s Democratic Republic, Malaysia, and Thailand Confirm Phase Two of Trilateral Power Deal

The Lao People’s Democratic Republic (PDR), Malaysia, and Thailand confirmed the second phase of the Lao PDR, Thailand, and Malaysia Power Integration Project (LTM-PIP) at the 37th ASEAN Ministers on Energy Meeting (AMEM) held on 4 September 2019 in Bangkok, Thailand.

Lao PDR sells electricity to Malaysia using Thailand’s electricity transmission network through the LTM-PIP. The second phase expands Lao PDR’s electricity export from 100 megawatts to a maximum of 300 MW.

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