Pattaya Daily News

05 February 2009 :: 10:02:29 am 39230

Pm Leads Delegates to Thai Roadshow in Japan

BANGKOK, Feb 5 - Prime Minister Abhisit Vejjajiva left for Tokyo on Wednesday leading a high-powered team of top Thai government officials and Japanese investors in a roadshow designed to restore Thailand‘s image, battered by political turbulence and a declining economy, as well as to attract critically-needed new foreign investment.
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Among planned activities during the three-day visit include Mr. Abhisit’s address to a gathering of a thousand senior Japanese government officials and businessmen intended to present a fresh view of Thailand as a land of opportunity.

This is the first of a series of roadshows, and the prime minister’s first trip outside the Association of Southeast Asian Nations (ASEAN) member countries since his administration took power six weeks ago.

Thai Industry Minister Charnchai Chairungrueng said earlier that the roadshow is aimed at reassuring foreign investors that normalcy has returned to Thailand and that the government’s policy to welcome foreign investment remains intact. The prime minister will also present his government’s policy on improving Thailand’s economy in both the short- and long-term.

During the visit, Mr. Abhisit will meet Japanese Prime Minister Taro Aso and the latest developments of the Japan-Thailand Economic Partnership Agreement (JTEPA) are expected to be on the agenda.

According to Thailand’s Board of Investment (BoI), Japanese investors are Thailand’s largest investment segment.

In 2008, Japanese companies sought a total of 324 promotional privileges from the BoI, representing 40 per cent of all total foreign organisations seeking such privileges, with a combined investment of about Bt103 billion, equivalent to 35 per cent of total foreign investment.

Most Japanese investment in Thailand is in the automobile and automotive parts, electrical appliances and electronics, and hard disk drive production.

The prime minister plans to conduct a trade and investment promotion roadshow in China in late March to expand trade and investment between the two countries. (TNA)

Reporter : PDN staff   Photo : Internet   Category : Thailand News

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