Posts Tagged ‘trade between Vietnam and Thailand’

SE Asian Nations Reach Freight Shipping Agreement

Friday, June 26th, 2009

Most of this story is about plans, and hopes and dreams. But the actual news is interesting, especially for the men who fought in and around that terrain in the Vietnam War. Click through for the entire piece.

A seemingly obscure agreement on traffic rights between Vietnam, Laos and Thailand now allows trucks to transit the three countries without having to unload cargo at border crossings for trans-shipment.

This will cut costs and time for regional trade, funding agencies say, and is expected to have far-reaching consequences for the region’s trade.

The formal opening of the East-West Corridor is part of a regional plan to break down barriers at borders across mainland South-East Asia, and later, beyond.

Overland transport time between Vietnam and Thailand has been shortened by the agreement for commercial trucks from Thailand and Vietnam to be able to enter each others’ territory for the first time to deliver and pick up goods.

Ceremonies were held last week at the two major border gates along the East-West Economic Corridor: between Lao Bao in Vietnam and Dansavanh in Laos, and between Savannakhet in Laos and Mukdahan in Thailand.

BBC