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Pattaya Daily News

21 March 2011 :: 09:03:07 am 51704

Japan-Thailand Trading Partnership Unaffected By Quake.

Japan’s long-term investment in Thailand is unlikely to be affected by the earthquake and tsunami disaster in that country. The business community in Thailand is also seeking ways to help Japanese disaster victims.
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Director-General of the Department of Export Promotion, Mrs. Nuntawan Sakuntanag, said that various business organizations, such as the Thai Leather Goods Association and the Thai Textile Manufacturing Association, had met and discussed ways to help the Japanese in the affected areas. Several organizations have expressed their intention to donate essential supplies, such as food and blankets.

Mrs. Nuntawan admitted that Thai exporters expect some impacts from the disaster, since Japan is Thailand’s major trading partner. In 2010, Thai exports to Japan came to 20.4 billion US dollars, an increase of 21.75 percent. The Japanese market is still in need of Thai consumer goods. After guidelines for helping the Japanese have been set, she said, all organizations involved will discuss ways to improve trade cooperation with Japan.

The Department of Export Promotion has invited 18 local clusters of enterprises with exports to Japan to listen to their problems. They believed that Japan would experience a quick recovery and then Thai products would be in great demand. In this regard, Thai exporters will need to enhance the efficiency of logistics management to facilitate shipment of goods.

Speaking after meeting with representatives from the Japan External Trade Organization, or JETRO, Chairman of the Federation of Thai Industries Payungsak Chartsuthipol stated that members of the federation who have invested in Japan faced no direct impact from the disaster, as their projects were not located in the affected areas. He was told that Japan would continue its major investment in Thailand.

Regarding the picture of investment potential in Thailand, the Japan-Thailand Economic Partnership Agreement (JTEPA), since coming into force in November 2007, has greatly boosted trade and investment between Thailand and Japan in various areas. It has also enhanced cooperation between the two countries, for instance, in the promotion of the business environment and the promotion of trade and investment — especially in regard to Thai cuisine and the steel, automobile, and textile industries, as well as energy conservation. With JTEPA, therefore, the potential for Japanese investors doing business in Thailand is always there, and remained to be tapped into.

Meanwhile, the Ministry of Public Health has set up a coordination center to follow up on impacts of the earthquake and tsunami in Japan. The center, located on the second floor of the Office of the Permanent Secretary for Public Health, will offer physical and psychological treatment for Thais affected by this disaster. It will also give advice to the general public who might feel panic from hearing or news about the disaster.

Report by : The Government Public Relations Department

Photo : Internet   Category : World News

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