BANGKOK, Nov 6 (Bernama) -- Thailand has cancelled an eight-year-old memorandum of understanding (MoU) with Cambodia on the oil and gas-rich overlapping area in the Gulf of Thailand as it continues its feud with its neighbour.
Foreign Minister Kasit Piromya said the MoU was signed in June, 2001, when Thaksin Shinawatra was the Prime Minister.
"The MoU was pushed by Thaksin and he knew the details of the negotiations. We cannot negotiate anymore based on this MoU as it will affect our economy and security," said Kasit, who is currently attending the two-day Mekong sub-region summit in Japan, in a telephone interview with the media here.
Kasit said as there was not much progress made since the MoU was signed, the government felt that it should be scrapped so that it can find new ways to start afresh in dealing with the Cambodian side.
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