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Thai-German financial agreement signed

Mekong Tourism Investment summit creates a ‘win-win’ situation

Thai-German financial agreement signed

On Friday, September 30th 2005, an agreement between the Government of the Federal Republic of Germany and the Government of the Kingdom of Thailand concerning Financial Cooperation, was signed by the Ambassador of the Federal Republic of Germany, HE Dr. Christoph Brmmer and by the Minister of Finance of the Kingdom of Thailand, HE Dr. Thanong Bidaya. The funds resulting of this agreement are due to be used for the promotion of small and medium sized enterprises in Thailand.

Ambassador of the Federal Republic of Germany, HE Dr. Christoph Brmmer and the Minister of Finance of the Kingdom of Thailand, HE Dr. Thanong Bidaya sign a Financial Cooperation agreement between the two countries.

This agreement is a final step in the long tradition of financial cooperation between Germany and Thailand, after previous agreements in the years 1995, 1990, 1989, 1986 and 1981. The amount of the loan is 26.4 million euros. The total loan figure between the two countries has been approx. 544 million Euro since 1981.

After signing of the bilateral agreement between the two governments, a loan agreement between the KfW (Kreditanstalt fr Wiederaufbau) and the SME bank was also signed.

Mekong Tourism Investment summit creates a ‘win-win’ situation

Reinhard Hohler

The previously announced Mekong Roundtable Conference to be held in Luang Prabang on March 28-30, 2006 has been renamed “Mekong Tourism Investment Summit”, as this clearly differentiates next year’s program from the Mekong Tourism Forum, which was held annually from 1996-2005. The program has been totally revamped to ensure a productive meeting and a positive outcome.

The Mekong Tourism Investment Summit is a new event for the Greater Mekong Sub-region (GMS), which comprises China, Myanmar, Laos, Thailand, Cambodia and Vietnam. Hosted by the Lao National Tourism Administration in the World Heritage Site of Luang Prabang, the meeting will bring together investors and government officials from across the region and beyond. The main objectives of the event are to:

1. Raise the profile of the GMS as a single tourism destination by linking tourism investors with business opportunities;

2. Promote ‘win-win’ partnership models between investors and local communities; and,

3. Create an accessible and enabling investment environment through dialogue, debate and action.

The Summit will be organized with the private sector’s interests in mind. Up to date information on investment procedures for each of the GMS countries will be given and new investment opportunities publicized, with opportunities for investors to meet and discuss sites with government officials. Tourism businesspeople will share their experiences on investing in the GMS and innovative ways of partnering with communities and local authorities will be presented. Breakout sessions will provide opportunities to discuss enabling policies and practices to help promote ‘win-win’ investments in the GMS.

Major recommendations and questions will be carried forth to the “Dialogue with Mekong Ministers” at the PATA Annual Conference, which will be held in Pattaya on April 23-27, 2006.

On line registration www. mekongtourisminvestmen effective 3rd week of October 2005.