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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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The proposed approx 3,200 km (2,000 mi) route from India to Vietnam is known as the East-West Economic Corridor (Thailand to Cambodia and Vietnam became operational in 2015). [4] This highway will also connect to the river ports being developed along the way at Kalay (also called Kalaymyo) and Monywa on Chindwin River. [5]
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 ]
Western Thailand's geography is characterised by high mountains and steep river valleys. The region hosts much of the country's less-disturbed forest areas. Water and minerals are important natural resources. Western Thailand is home to many of the country's major dams, and mining is an important industry.
Mae Sot (Thai: แม่สอด, pronounced [mɛ̂ː sɔ̀ːt]; Burmese: မဲဆောက်, [mɛ́ sʰaʊʔ]; Shan: မႄႈသွတ်ႇ, [ɛ sʰaaj]) is a city in western Thailand that shares a border with Myanmar to the west. It is notable as a trade hub and for its substantial population of Burmese migrants and refugees.
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.
All of the BERTS east–west line's pillars were demolished from 2005 to 2007 during the construction of the Suvarnabhumi Airport Link, which opened to the public in August 2010. The alignment of the SRT Dark Red Line covers the rest of the BERTS north–south line, and the project has been described as a "Hopewell revival". [ 14 ]