Course summary Mekong Economic Cooperation Strategy (ACMECS):
The Ayeyawady - Chao Phraya - Mekong Economic Cooperation Strategy (ACMECS)
is an intra Association of Southeast Asian Nations (ASEAN) cooperation framework between
Cambodia,
Lao, Myanmar,
Thailand and Vietnam
to use
different strengths of ACMECS member countries and to promote balanced development in the
Mekong sub-region.
The objectives of the Mekong Economic Cooperation Strategy are to bridge the economic gap
between
Cambodia, Lao, Myanmar, Thailand and Vietnam, and to promote welfare in the
Mekong sub-region. Such welfare will not only benefit the ACMECS countries, but also add value to Association Southeast Asian Nations (ASEAN) and its solidarity.
The Mekong Economic Cooperation Strategy (ACMECS) will act as a
mechanism to build upon existing regional cooperation programs and bilateral frameworks
of International trade with a view to transform the border areas of Cambodia, Lao, Myanmar, Thailand and Vietnam into
areas of economic growth, social progress and welfare.
Example of the course ACMECS:
The Asian Development Bank (ADB)
holding in the Mekong Economic Cooperation Strategy as a Development Partner guarantees that duplication is
minimized and synergy is maximized them.
ACMECS should benefit from on the comparative advantages of the
ASEAN CLMT countries (Cambodia, Lao PDR, Myanmar and Thailand) to
establish a successful and greatly competitive sub-region. The objective is to
make easy trade and
Foreign direct investment (FDI), which are
decisive for job creation, income promotion and reduced socio-economic disparities.
Cambodia, Lao, Myanmar and Thailand should reinforce and improve cooperation efforts in agriculture and industry through such means as establishing or improving
infrastructure facilities, joint production,
international marketing and purchasing agreements,
market research and development and exchange of information.
