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  • KITA to Suggest Introduction of Fast Track among 6 Countries via “Korea-Mekong Business Council”
    2020-06-03 hit 197

    KITA to Suggest Introduction of Fast Track among 6 Countries via Korea-Mekong Business Council

    - Discusses expansion of international cooperation with the Chamber of Commerce in Mekong 5 countries, including Thailand, Vietnam, Myanmar, Laos and Cambodia -


    The Korea International Trade Association (Chairman: Kim Young-ju) and the Chamber of Commerce in the 5 Mekong Countries, including Thailand, Vietnam, Myanmar, Laos, and Cambodia, jointly held an online meeting to discuss the establishment of Korea-Mekong Business Council on June 2nd.


    This entrepreneur council is the first regular event of the body since its joint establishment was agreed by the Korea International Trade Association and the Chamber of Commerce in Thailand, Vietnam, Myanmar, Laos, and Cambodia at The 1st Korea-Mekong Summit Talk, which took place in Busan in November last year.


    A number of leaders of economic organizations from the countries, including Chairman Kim Young-ju of the Korea International Trade Association, President Vu Tien Loc of the Vietnam Chamber of Commerce and Industry, President Zaw Min Win of the Union of Myanmar Federation of Chambers of Commerce and Industry, Vice Chairman Arin Jira of the Federation of Thai Industry participated in the meeting to discuss the future operation of the council as well as joint business opportunities for local market expansions, vitalization of economic interactions, and economic co-development among Korea and the 5 Mekong countries. 


    Specifically, they agreed to pursue a variety of international cooperation to resolve the difficulties that the companies operating businesses in other countries are experiencing through the policy recommendations to the governments of other countries. They consented to deliver joint proposals to governments requesting the introduction of mutual fast tracks among six countries with a view to facilitating business entry for business people who are struggling with the COVID-19 crisis. They also decided to carry out joint projects such as international forums, policy seminars, business conferences, and exhibitions in the second half of this year. 


     

    Chairman Kim Young-ju of the Korea International Trade Association said, The companies in South Korea and Mekong are experiencing serious difficulties due to the spread of COVID-19, and added, We will endeavor to help the Korea-Mekong Business Council serve as a venue for cooperation that provides practical business opportunities, including the introduction of fast track for business people in both regions.


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