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MoU to boost Cambodia, Thailand tourism, trade

Cambodia and Thailand signed a memorandum of understanding on the exchange of traffic rights Thursday in an effort to boost trade and tourism links between the two countries, the Phnom Penh Post reported.

The agreement, which was signed by Cambodia’s Minister of Public Works and Transport Tram Iv Tek and Virachai Virameteekul, a minister attached to the Thai prime minister’s office, will allow a daily quota of trucks to cross the border without having to unload cargo and reload to a second truck on the other side.

Forty trucks from each side would initially be allowed to cross daily, but the quota is expected to be raised progressively.

It was signed on the sidelines of the Second Greater Mekong Subregion (GMS) Economic Corridors Forum in Phnom Penh, a meeting of ministers from the six countries through which the Mekong River flows.

Arjun Goswami, head of the Southeast Asia Regional Cooperation Group for the Asian Development Bank (ADB), which brokered the deal, said it was an important step in boosting trade between the two Asean neighbours.

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