ID :
175663
Fri, 04/15/2011 - 16:24
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Shortlink :
http://m.oananews.org//node/175663
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Progress seen on Thailand's Mae Sot Special Economic Zone
BANGKOK, April 15 (TNA) - The Thai Ministry of Commerce has reported on over 50 per cent progress of a national plan on the establishment of a new special economic zone in Mae Sot of the country's northwestern Tak Province bordering Myanmar.
Thai Deputy Commerce Minister Alongkorn Ponlaboot, in his capacity as chairman of the government's committees on Thai-Myanmar border trade development and the development of Mae Sot special economic zone, acknowledged that the Thai Cabinet has approved a budget for the designing of the Mae Sot Special Economic Zone.
Alongkorn said that an official sub-committee on legal preparations for the Mae Sot Special Economic Zone has also finished a draft royal decree on the establishment of an organisation to run the country's new special economic zone, with the draft to be soon proposed to the Thai Cabinet for further consideration, and that the organisation to be established will run the Mae Sot Special Economic Zone on a land plot of over 5,600 rais in Tha Sai Luad and Mae Pa Sub-districts.
Alongkorn noted that once the new special economic zone is established, Mae Sot will become a leading economic city of the country and the region and will attract investment projects from around the world; while drawing production and employment to the area. More importantly, the new Mae Sot Special Economic Zone will also turn Thailand to be a regional center linking the Association of Southeast Asian Nations (ASEAN) with the Middle East, Europe and Africa, as Thailand is now a trade hub for the 10-member ASEAN, and key regional dialogue partners known as ASEAN+3 and ASEAN+6.
According to the Thai deputy commerce minister, the Mae Sot Special Economic Zone will also become Thailand's West Gate which opens to Myanmar towards India and the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC). (TNA)
Thai Deputy Commerce Minister Alongkorn Ponlaboot, in his capacity as chairman of the government's committees on Thai-Myanmar border trade development and the development of Mae Sot special economic zone, acknowledged that the Thai Cabinet has approved a budget for the designing of the Mae Sot Special Economic Zone.
Alongkorn said that an official sub-committee on legal preparations for the Mae Sot Special Economic Zone has also finished a draft royal decree on the establishment of an organisation to run the country's new special economic zone, with the draft to be soon proposed to the Thai Cabinet for further consideration, and that the organisation to be established will run the Mae Sot Special Economic Zone on a land plot of over 5,600 rais in Tha Sai Luad and Mae Pa Sub-districts.
Alongkorn noted that once the new special economic zone is established, Mae Sot will become a leading economic city of the country and the region and will attract investment projects from around the world; while drawing production and employment to the area. More importantly, the new Mae Sot Special Economic Zone will also turn Thailand to be a regional center linking the Association of Southeast Asian Nations (ASEAN) with the Middle East, Europe and Africa, as Thailand is now a trade hub for the 10-member ASEAN, and key regional dialogue partners known as ASEAN+3 and ASEAN+6.
According to the Thai deputy commerce minister, the Mae Sot Special Economic Zone will also become Thailand's West Gate which opens to Myanmar towards India and the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC). (TNA)
