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Thai deputy PM to lead business delegation to Burma

State Counsellor Aung San Suu Kyi is greeted by the deputy prime minister of Thailand, Somkid Jatusripitak, right, at Suvarnabhumi Airport in Bangkok, on 23 June 2016. (Photo: Reuters)

Thailand’s deputy prime minister, Somkid Jatusripitak, will be leading major Thai businesses to meet a team of Burmese officials and businesses to seek further cooperation in developing industrial estates in Burma and border trade operations on 3-4 February.

Industry Minister Uttama Savanayana said the Thai business group, which is made up of PTT Plc (PTT), Siam Cement Group (SCG) and Ch. Kanchang Plc (CK), are due to meet the team of Burmese officials, which includes an adviser to Burma’s State Counsellor Aung San Suu Kyi.

Uttama said the head of the Industrial Estate Authority of Thailand (IEAT) will be joining the trip to seek ways to develop new estates in Burma.

“We need to amend some Thai laws to allow the IEAT to develop new estates outside Thailand. Prior to that we need to talk with partners in Myanmar and understand what they need from us,” he said.

He added that the Burmese economy is entering a new era, where industry will be expected to play a major role in driving the growth and the country needs Thailand’s expertise to help improve its industrial sectors.

The Federation of Thai Industries and the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) will also join the contingent and will be meeting with Burmese businessmen, with the expectation of creating new economic partnerships and business ties that will lead to further investment expansion in the future.

This story was originally published by the Bangkok Post here