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Thailand's Deputy Prime Minister Sihasak Phuangketkeow has highlighted BRICS as a vital mechanism for broadening economic engagement and trade flows, emphasising the bloc's role in complementing Thailand's regional leadership plans.
Economists believe the Malaysia-Thailand border economic zone will significantly strengthen bilateral trade and attract investment by improving cross-border infrastructure, customs procedures, and supply chain efficiency across the region.
Malaysia and Thailand have committed to expediting border infrastructure projects and establishing special economic zones to boost bilateral trade to US$30 billion by 2027, with Prime Minister Anwar Ibrahim and his Thai counterpart Anutin Charnvirakul agreeing on streamlined customs procedures.