ID :
140683
Sat, 09/04/2010 - 13:59
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Shortlink :
http://m.oananews.org//node/140683
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More Chinese investors urged to invest in Thailand
GUANGZHOU, Sept 4 – Thailand is receptive to increased Chinese investors with state agencies under the supervision of the Ministry of Industry ready to give full support, cooperation and encouragement for the benefit of both countries, according to Industry Minister Chaiwuti Bannawat.
Speaking at a seminar on “Thailand Means Business” at Guangzhou City in southern China, he said the Sino-Thai relations in the economic, trade, social and cultural affairs had been strengthened as could be witnessed by mutual visits by leaders of both countries.
In the first seven months of this year, he said China had become Thailand’s top export destination in place of the United States and Japan with a total export value of more than
US$11 billion. Concurrently, China is the second important importer of Thai products with the total import value of over $13 billion.
In addition, investment by Chinese companies in Thailand had increased with applications for investment promotions reaching $3 billion in the past decade.
At present, Thailand’s Board of Investment has a policy to promote investment for sustainable development with special promotional privileges given to three business segments: energy saving and alternative energy, production of environmentally friendly materials and products, and high technology-based production.
Because of this, Mr Chaiwuti said he would invite companies in Guangdong to invest in these business segments and other objective ones such as electronics, vehicle parts, and machinery.
(MCOT online news)
Speaking at a seminar on “Thailand Means Business” at Guangzhou City in southern China, he said the Sino-Thai relations in the economic, trade, social and cultural affairs had been strengthened as could be witnessed by mutual visits by leaders of both countries.
In the first seven months of this year, he said China had become Thailand’s top export destination in place of the United States and Japan with a total export value of more than
US$11 billion. Concurrently, China is the second important importer of Thai products with the total import value of over $13 billion.
In addition, investment by Chinese companies in Thailand had increased with applications for investment promotions reaching $3 billion in the past decade.
At present, Thailand’s Board of Investment has a policy to promote investment for sustainable development with special promotional privileges given to three business segments: energy saving and alternative energy, production of environmentally friendly materials and products, and high technology-based production.
Because of this, Mr Chaiwuti said he would invite companies in Guangdong to invest in these business segments and other objective ones such as electronics, vehicle parts, and machinery.
(MCOT online news)
