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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.
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 ]
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.
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]
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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.
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]
Nearly all state enterprises delivered higher profits in 2017. The State Enterprise Policy Office (SEPO) reported that the top five state enterprises by contributions to Thai government coffers in 2017 were the Government Lottery Office (GLO) at 30.9 billion baht, PTT Public Company Limited (PTT) at 26.3 billion, the Electricity Generating Authority of Thailand (EGAT) at 21.7 billion ...