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The East–West Economic corridor is an economic development program initiated in order to promote development and integration of 5 Southeast Asian countries, namely: Myanmar, Thailand, Laos, Cambodia and Vietnam. The concept was agreed upon in 1998 at the Ministerial Conference of the Greater Mekong Subregion, organized in Manila, the Philippines.
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As of 2020, many of the estimated 5,500 Japanese companies in Thailand have facilities in the area. [ 6 ] After the 2014 coup , the NCPO announced the creation of a special economic zone (SEZ) called the Eastern Economic Corridor (EEC) with a budget of 1.5 trillion baht (US$43 billion) over its first five years. [ 7 ]
For economic statistics of Western Thailand, Suphan Buri and Samut Songkhram provinces are listed by National Statistical Office (Thailand). However Tak Province is listed by (lower) Northern Thailand. For FY 2018, Western Thailand Region had a combined economic output of 579.815 billion baht (US$18.7 billion), or 3.5 percent of Thailand's GDP.
1886 map of Indochina, from the Scottish Geographical Magazine. In Indian sources, the earliest name connected with Southeast Asia is Yāvadvīpa []. [1] Another possible early name of mainland Southeast Asia was Suvarṇabhūmi ("land of gold"), [1] [2] a toponym, that appears in many ancient Indian literary sources and Buddhist texts, [3] but which, along with Suvarṇadvīpa ("island" or ...
The Association of Southeast Asian Nations, [c] commonly abbreviated as ASEAN, [d] is a political and economic union of 10 states in Southeast Asia.Together, its member states represent a population of more than 600 million people and land area of over 4.5 million km 2 (1.7 million sq mi). [13]
For most economies worldwide, their leading export and import trading partners in terms of value are typically the United States, the European Union (EU) or China. Emerging markets such as Russia, Brazil, India, South Africa, Saudi Arabia, the UAE, Turkey, and Iran are becoming increasingly important as major markets or source countries in various regions.
As a first step, APEC is implementing a strategic study on issues related to the realization of a Free Trade Area of the Asia-Pacific. The study will provide an analysis of potential economic and social benefits and costs, analyze the various pathways towards a Free Trade Area and identify challenges economies may face in realizing this goal. [120]