Hun Sen says local goods benefit from Thai border closure

Hun Sen says local goods benefit from Thai border closure

For over three months without Thai imports, Cambodia’s markets remain stable, with an adequate supply of goods and low inflation. In macroeconomic terms, economic management has been effective.’

Responding to Thailand’s rigidity to maintain the border closure with Cambodia, Senate President Hun Sen on Tuesday reaffirmed the Royal Government’s firm stance, emphasising stable markets, growing domestic industries and positive impacts on local economic development.

Writing on his official Facebook account to clarify Cambodia’s stance, Mr Hun Sen stated: “Since the Thai military unilaterally shut the border, Cambodia has never requested its reopening. We simply informed the Thai side that, as Thailand closed it, they should be the ones to reopen it. There is no need for negotiation with Cambodia, and once Thailand reopens its side, Cambodia will follow five hours later.”

He went on to add, “This is Cambodia’s firm position, and it will not change. Cambodia will not lower itself to beg Thailand to reopen the border. Even if Thailand decides to keep it closed for another 100 years, Cambodia will not perish.”

“I should express gratitude to Thailand. Their unilateral border closure has prevented the import of Thai goods, which in turn has led to significant growth in Cambodian domestic products.”

“Cambodian citizens who love their country have come together to support and consume locally made goods, which will contribute to long-term economic development.”

“For over three months without Thai imports, Cambodia’s markets have remained stable, with an adequate supply of goods and low inflation. In macroeconomic terms, economic management has been effective,” he added.

On September 22, The Diplomat reported that the Thai military commanders had voted indefinitely to shut the border crossings of the two neighbouring Kingdoms, following a flare-up between Thai soldiers and Cambodian villagers at Prey Chan village in Banteay Meanchey province on September 17.

It may be noted that such unilateral border shutdowns are not new, as Thailand first imposed restrictions on June 24, aimed at pressuring the Royal Government of Cambodia (RGC) to comply with conditions set by the Royal Thai Government (RTG).

Speaking to Khmer Times, leading economist Duch Darin said Cambodia has adopted solid strategies to maintain supply chains, noting that the inflation rate from May to August this year remained low and manageable.

“The inflation rate in May was only 1.10 percent, in June 1.59 percent, July 1.66 percent and August 1.79 percent. These figures reflect that Cambodia has been able to maintain low prices of products despite the absence of Thai goods,” he said.

Darin explained the achievement came through the growing demand for local products as well as expanded trade with partner countries, including the US, EU, China, Korea, Japan, Australia and other ASEAN member states, aiming to meet consumer demand and safeguard the competitiveness of domestic products.

“I believe that the border closure will allow Cambodia to improve its domestic industries and create many job opportunities for citizens. Since our products are being promoted, it will benefit both farmers and local companies,” Darin added.

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