March 15, 2008
Bangkok - Prime Minister Samak Sundaravej signed an agreement with Myanmar to boost investment during his one-day visit to the military-run country, according to state media.
Samak met with the junta leader Gen Than Shwe on Friday, according to the New Light of Myanmar.
The paper gave no details of the trade pact. A Thai government spokesman could not be reached for comment on Saturday, according to AFP.
Thailand is one of Myanmar's biggest investors and trading partners, spending billions of dollars annually to tap into the country's natural gas and hydropower resources to power its own growing economy.
Foreign Minister Noppadon Pattama said Friday Thailand is against sanctions, arguing that negotiations rather than punishments could lead to positive developments in the country which has been run by the military since 1962.
