Mr Sanan expects the Thai government to agree with the plan to use local currencies in border trade areas. The local currency plan will be proposed at the upcoming Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) Summit on June 15 and 16. Sanan Angubolkul, chairman of the ACMECS business council, said business leaders from each country believe that using local currencies will ease the trade process and reduce currency fluctuation. At the upcoming summit, business leaders will propose that their governments provide multiple-entry visas to facilitate overseas tourists that come to Laos, Myanmar and Vietnam. The plan will be endorsed by other business leaders and consist of three pillars: seamless connectivity, synchronised ACMECS economies and smart sustainability.

Source: Bangkok Post June 10, 2018 23:37 UTC