PHNOM PENH, Feb. 8 (Xinhua) -- The bilateral trade between Cambodia and Thailand increased 21 percent in the past year after the two country's border dispute eased.
The two-way trades had amounted to 3.08 billion U.S. dollars in 2011, a 21 percent rise from 2.54 billion U.S. dollars in a year earlier, according to the statistics provided by Thai embassy in Phnom Penh on Wednesday.
Of the figures, Thailand exported to Cambodia was 2.9 billion U. S. dollars last year, up 24 percent from 2.34 billion U.S. dollars in a year earlier, whilst Cambodia exported to Thailand was just 176 million U.S. dollars, down 18 percent from 214.7 million U.S. dollars.
Thailand's main products exported to Cambodia include vehicles, petroleum, processed goods, building materials, fruits, and vegetables, and Cambodia primarily exports agricultural products, second hand garments, recyclable metal, and fish to Thailand.
"The two countries' trade growth has been bouncing back after it had slowed down in the first half of last year due to border dispute," Jiranan Wongmongkol, director of the Thai Embassy's Foreign Trade Promotion Office in Phnom Penh, said Wednesday."We expect to see at least another 20 percent growth this year as the two countries' relations have currently seen significant improvement."
Meanwhile, Jiranan announced Wednesday in a press briefing that Thailand will host a large scale Thai Products Expo in Phnom Penh on Feb. 16-19.
It will be the first time since the two countries had fierce border fighting in early last year and Cambodia decided to postpone Thai expo since last May.
Cambodia and Thailand have had sporadic border conflict over territorial dispute near Cambodia's Preah Vihear temple since the UNESCO listed the temple as a World Heritage Site on July 7, 2008 and witnessed fierce border fighting in February and April last year during the Thai's Democrat-led administration.
However, the military tension has eased since the former Thai Prime Minister Thaksin Shinawatra's Pheu Thai Party won a landslide victory in the general elections in July last year.
The two-way trades had amounted to 3.08 billion U.S. dollars in 2011, a 21 percent rise from 2.54 billion U.S. dollars in a year earlier, according to the statistics provided by Thai embassy in Phnom Penh on Wednesday.
Of the figures, Thailand exported to Cambodia was 2.9 billion U. S. dollars last year, up 24 percent from 2.34 billion U.S. dollars in a year earlier, whilst Cambodia exported to Thailand was just 176 million U.S. dollars, down 18 percent from 214.7 million U.S. dollars.
Thailand's main products exported to Cambodia include vehicles, petroleum, processed goods, building materials, fruits, and vegetables, and Cambodia primarily exports agricultural products, second hand garments, recyclable metal, and fish to Thailand.
"The two countries' trade growth has been bouncing back after it had slowed down in the first half of last year due to border dispute," Jiranan Wongmongkol, director of the Thai Embassy's Foreign Trade Promotion Office in Phnom Penh, said Wednesday."We expect to see at least another 20 percent growth this year as the two countries' relations have currently seen significant improvement."
Meanwhile, Jiranan announced Wednesday in a press briefing that Thailand will host a large scale Thai Products Expo in Phnom Penh on Feb. 16-19.
It will be the first time since the two countries had fierce border fighting in early last year and Cambodia decided to postpone Thai expo since last May.
Cambodia and Thailand have had sporadic border conflict over territorial dispute near Cambodia's Preah Vihear temple since the UNESCO listed the temple as a World Heritage Site on July 7, 2008 and witnessed fierce border fighting in February and April last year during the Thai's Democrat-led administration.
However, the military tension has eased since the former Thai Prime Minister Thaksin Shinawatra's Pheu Thai Party won a landslide victory in the general elections in July last year.
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