2.Trade and Investment Facilitation
MI's strategic thrust under the Trade and Investment Facilitation area includes:
A. Trade and Investment Policies and Trade Negotiation
The development of economic corridors and integration initiatives such as IAI highlight the importance of complementary measures related to policies and institutions in regional trade. With increased connectivity, trade facilitation has emerged as a key element to spur investment and economic growth in the sub-region. Closer economic relations between Mekong economies, and their integration into capacity on trade policy making and negotiations.
While the economic philosophies in the GMS have changed to become more market oriented, there is a constant shortage of government officials who are trained in market economic principles. It is of paramount importance for government officials and other development practitioners in the four new ASEAN member states to deepen their understanding on economic integration at sub-regional, regional and global levels.
MI's Trade and Investment Policies and Trade Negotiation program will include:
i Leadership in competitive enterprise;
ii International trade and negotiation
iii Regional integration framework (knowledge of ASEAN integration, bilateral and multi-lateral agreements and their impacts on a country's economy and differently business sectors);
iv. Cross-Border Trade Agreements and Logistics.
B. Promoting Agricultural Trade and Investment along Economic Corridors and Pro-poor Private Sector Development
Transboundary production/value chains have been promoted under several bilateral and multilateral agreements, especially in trade and investment, agriculture and industrial sectors. To prepare the new ASEAN countries to integrate effectively into the single ASEAN production base and single market, capacity building of private sector associations in value chain analysis and promotion is vital. Under the trade and investment facilitator theme, MI will cater for the needs of the private sector, and design and implement programs to promote such value-chains along the economic corridors. Topics to be included:
i Capacity building on entrepreneurship and enterprise Management for agricultural-based SMEs;
ii Promoting GMS SME Regional Gateway-GMS BIZ Network;
iii Capacity building on supply chain management for agribusiness SMEs;
iv. Strengthening local Chambers of Commerce and Industry along economic corridors to promote intra and inter corridors trade and investment.
MII will promote trade and investment in the GMS economic corridors in close collaboration with ADB Thailand Mission, GMS Business Forum, Japan External Trade Organization an Trade Facilitation Division of UNESCAP.
More information please Contact:
Trade and Investment Facilitation Dept.
Email:
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Tel: + 66 (0) 4320 2411-2
Fax: + 66 (0) 4334 3131
With the integration of our economy, rural development is no longer a national issue. Cited from an ADB Survey (2010) where over 3000 Among the costs associated with regionalism, Asian opinion leaders are most concerned about a potential widening of the divide between the rich and the poor. This may happen because the opportunities of benefiting from stronger regional economic ties are unevenly distributed within countries. Even though, the GMS countries have achieved impressive economic growth in the last decade, 60-70% of the GMS peoples are living in rural areas and majority of these rural poor are living in rural community and secondary town along the borders. This income and development disparity must be mitigated by regional measures. such as improving infrastructure, promoting investment and employment in secondary towns and rural communities in the poorer region like Northeast of Thailand, North and Northwest of Cambodia, Southern Laos, and Central Highland of Vietnam.
Economic development in the GMS has been consistently strong over the last 10 years and the migration of workers within the sub-region has been an important contributing factor. The large flow of migrant labor taking place in the GMS reflect the uneven pace of development among the economies of the sub-region, as well as the demographic disparities in individual societies. Cross-border mobility in the GMS, particularly of labor is increasing, as employment opportunities and labor migrants move across border to meet market demand. The flows are also facilitated by factors such as proximity to one anothers, cultural similarities, support from migrant networks and construction of highways.