February 18, 2011
Thailand Business News
Despite an ongoing border conflict which has caused bloody fighting sporadically along their frontier, Thailand and Cambodia have held their first ever business summit in the Cambodian capital of Phnom Penh.
Thailand’s Chamber of Commerce also suggested the creation of business information centres in border areas to aid economic development. The centres – termed SME clinics – would boost economic cooperation, said Thai Board of Trade Vice Chairman Niyon Wairatpining.
“Presently new investors, particularly SMEs, are afraid to invest into neighbouring countries, because of a lack of information [needed] for decision making,” he said yesterday. Cambodia Chamber of Commerce
Deputy Director, Sorn Sokna, said the suggestion could boost trade an added that the chamber already had some provincial representative offices.
“We have around 150,000 SMEs looking to put investment into neighbouring countries – if we have SME clinics, they can access information and seek partners,” he said.
“I will set up more offices along the border to ease the situation [of a lack of information],” he said.
Sorn Sokna said the next step would be to ensure there was an easy way to set up the project. Niyon Wairatpining recommended Cambodia set up the clinics through the Ministry of Commerce.
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