Mekong Economic Cooperation Strategy

EENI- School of International Business

Sub-subject: The Mekong Economic Cooperation Strategy (ACMECS). Syllabus:

1. Introduction to the Mekong Economic Cooperation Strategy (ACMECS) - Southeast Asia
2. Member countries of the Mekong Economic Cooperation Strategy (ACMECS): Cambodia, Laos, Myanmar, Thailand, and Vietnam
3. The strategic plan of action of ACMECS.
4. International Trade and foreign direct investment (FDI) facilitation

Sample of the Sub-subject: The Mekong Economic Cooperation Strategy (ACMECS)

Description of the Sub-Subject: The Mekong Economic Cooperation Strategy.

The Ayeyawady - Chao Phraya - Mekong Economic Cooperation Strategy (ACMECS) is a cooperation framework between Cambodia, Laos, Myanmar, Thailand, and Vietnam to use different strengths of member countries and to promote balanced development in the Mekong sub-region. The five countries are members of the Association of Southeast Asian Nations (ASEAN).

The objectives of the Mekong Economic Cooperation Strategy (ACMECS) are to bridge the economic gap between Cambodia, Laos, Myanmar, Thailand, and Vietnam, and to promote the welfare in the Mekong sub-region.

Such welfare will not only benefit the Mekong Economic Cooperation Strategy (ACMECS) countries but also add value to the Association of Southeast Asian Nations (ASEAN) and its solidarity.

The Mekong Economic Cooperation Strategy will act as a mechanism to build upon existing regional cooperation programs and bilateral frameworks of international trade to transforming the border areas of Cambodia, Laos, Myanmar, Thailand, and Vietnam into areas of economic growth, social progress, and welfare.

The Asian Development Bank (ADB) act as a development partner of the Mekong Economic Cooperation Strategy (ACMECS) and guarantees that duplication is minimised and synergy is maximised.

The Mekong Economic Cooperation Strategy (ACMECS) should benefit from on the comparative advantages of the ASEAN CLMT countries (Cambodia, Laos, Myanmar, and Thailand) to establish a successful and greatly competitive sub-region.

The final objective of the Mekong Economic Cooperation Strategy is to improve trade facilitation and to boost the foreign direct investment (FDI), which are decisive for job creation, income promotion, and reduced socioeconomic disparities.

Cambodia, Laos, Myanmar, and Thailand (Asia) should reinforce and improve the cooperative efforts in agriculture and industry through establishing or improving infrastructure facilities, joint production, international marketing, purchasing agreements, market research, and development and exchange of information.

All countries in the Mekong Economic Cooperation Strategy (ACMECS) are a Buddhist majority and belong to the Buddhist Civilisation.