Cambodian and Lao officials agreed to establish Joint Trade Commission (JTC) in order to accelerate the economy across the border. It is a bilateral agreement between Cambodia and Laos, its objective aims to promote the expansion of trade and to eliminate trade impediments between the two countries, especially border trade, this will be encourage interacting cooperation between both private sectors, particularly farm productions along the border.
In the previous time, border trade between the two countries did not meet that satisfaction, therefore, it urged for strengthening cooperation for both countries, especially ban on smuggling and the establishment of border markets in order to push development along border trade.
|
Product Description |
Lao PDR’s Import from Cambodia (in US dollars) |
||||
|
Fiscal year 2007-2008 |
Fiscal year 2008-2009 |
Fiscal year 2009-2010 |
Fiscal year 2010-2011 |
Fiscal year 2011-2012 |
|
|
Product under Government Control |
48,433.00 |
- |
- |
- |
- |
|
Product import for commerce |
87,896.00 |
132,950.00 |
24,903.50 |
1,385.00 |
1,069,887.00 |
|
Product for Project Used |
12,129.00 |
- |
12,500.00 |
- |
142,554.45 |
|
Product for International Organization used |
- |
- |
- |
- |
2,629.00 |
|
Product Description |
Lao PDR's exports to Cambodia (in US dollars) |
||||
|
Fiscal year 2007-2008 |
Fiscal year 2008-2009 |
Fiscal year 2009-2010 |
Fiscal year 2010-2011 |
Fiscal year 2011-2012 |
|
|
Electric |
- |
- |
- |
435,252.00 |
567,783.00 |
|
Industry and Handicraft |
106.035.00 |
94,425.00 |
304,303.00 |
2,816,447.00 |
104,362.00 |
|
Timber and Wood Product |
- |
21,303.00 |
21,303.00 |
- |
- |
|
Agriculture |
3,495.00 |
- |
- |
- |
- |
|
Others |
- |
26,102.00 |
- |
- |
- |
Table summary trade value between Lao-Cambodia, Source: Department of Import and Export, Ministry of Industry and Commerce
Cambodia has only the one international border gateway, Trapeang Kreal, in Stung Treng Province, which shares a border with Laos’s Dong Kralor, this initiative was good for future development at the border, because there would be more trade activity after the establishment of the commission.
Information Sources: www.phnompenhpost.com
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