Background and Principles
The investment sector focuses on developing infrastructure to support development along the economic corridor under the GMS program to ensure its realization, particularly the development of special economic zones in border areas. Such implementation requires cooperation from multiple sectors and various projects from both public and private sectors to ensure comprehensive development.
Currently, the operations of this working group have been integrated with the Task Force on Trade and Investment (TFTI), which is a new mechanism established under the GMS program in 2022. The focus remains on trade facilitation, modernizing customs systems, and establishing health and phytosanitary regulations, as well as strengthening linkages with the private sector.
Latest Progress
The GMS Task Force on Trade and Investment (TFTI) has conducted comprehensive consultations with members of the GMS Business Council regarding the impact of digital transformation on current business operations and exploring opportunities to develop cooperation with the GMS Working Groups on Agriculture and Health. Preparations are currently underway for endorsing digital supply chain cooperation with the GMS Agriculture Working Group, which will be implemented in 2024.
