Thai entrepreneurs are seeking to broaden cooperation with their Myanmar counterparts through a business matchmaking fair, the organisers said.
The event, Thailand Week Bizmatch Fair 2014, is organised by the Department of International Trade Promotion (DITP) under the Ministry of Commerce of Thailand and Thailand-based TTF Co Ltd, and will be held on April 30 at Park Royal hotel in Yangon.
“We warmly invite respective entrepreneurs in Myanmar to participate in this Bizmatch workshop. The participating companies will have the chance to discuss with each other for 15 minutes. Thai companies and Myanmar business people will exchange their point of view to cooperate in potential sectors,” said Boon Intiratana, minister counsellor of DITP.
The business matching fair between Thai and Myanmar entrepreneurs will be joined by about 40 companies from Bangkok and its neighbouring cities and Chiangmai, TTF said. The one-to-one business matching is arranged in 23 sessions on the same day.
There are a wide array of products Thai sellers are going to discuss with entrepreneurs from Myanmar, including construction material, hardware and machinery, electrical appliances, food and beverages, garment, textile and fashion accessories, gems and jewellery, gifts and decorative items, health and beauty products, hospital, hotel and spa service as well as household and kitchen products.
According to official statistics, bilateral trade between Myanmar and Thailand stood at $4.53 billion in the first nine months (April-December) of the fiscal year 2013-14.
Of the total amount, Myanmar’s export to Thailand reached $3.55 billion while its import from Thailand stood at $971.46 million.
In 2013, Thai entrepreneurs met UMFCCI chairman to exchange business dialogue and bolstered efforts to increase commercial and industrial investments in Myanmar.
Thailand has invested $9.995 billion in Myanmar as of January 2014 since 1988, making it second in Myanmar’s foreign investors’ line-up.