A Joint Working Group will be formed by the ports of Visakhapatnam and Ranong in Thailand to explore business opportunities of mutual benefit. Separate memoranda of understanding (MoUs) were signed between the Port Authority of Thailand (PAT) and the ports of Visakhapatnam, Kolkata and Chennai to increase export and import trade through cargo handling. The Indian ports will also be allowed the use of Ranong, which is located on the western side of Thailand and is closer to India as compared to Thailand’s leading ports Bangkok and Laem Chabang. Nepal is using Kolkata and Visakhapatnam ports as gateways for its EXIM (export-import) trade. Elaborating on the MoU signed with Port of Ranong, VPT Deputy Chairman P.L.

Source: The Hindu November 17, 2019 16:52 UTC