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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.
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.
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.
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.
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 ]
EEC development will cost 1.5 trillion baht in its first five years. [2] The EEC is a key component of the "Thailand 4.0" economic policy announced in 2016. [3] The prime minister has invoked the special powers of Section 44 of the interim charter three times already to remove obstacles to EEC development. [4]
Eastern Thailand lies between the Sankamphaeng Range, which forms a natural border with the Khorat Plateau to the north and the Gulf of Thailand to the south. The geography of the region is characterised by short mountain ranges (collectively grouped under the Chanthaburi Range) alternating with small basins of short rivers which drain into the Gulf of Thailand.
The economy of Asia comprises about 4.7 billion people (60% of the world population) living in 50 different nations. [1] [2] Asia is the fastest growing economic region, as well as the largest continental economy by both GDP Nominal and PPP in the world. [11]