ID :
169699
Mon, 03/21/2011 - 13:36
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http://m.oananews.org//node/169699
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Disaster will not affect Japan's overseas investments
BANGKOK, March 21 (TNA) - The Japan External Trade Organization (JETRO) is proceeding with plans to promote trade and investment between Thailand and Japan. The JETRO president confirmed that the disaster in Japan will not affect Japanese investments overseas such as those in Thailand.
JETRO Bangkok president Munenori Yamada confirmed that the earthquake and tsunami in Japan would not affect the expansion of Japanese companies overseas as Japan has experienced earthquakes numerous times in the past. He is confident that despite some impacts having been felt, Japan will be able to return to its normal state in the near future.
He did not comment, however, on the potential impacts that continuing delayed deliveries of Japanese parts and raw materials important to Thailand's manufacturing sector would have on the two economies. He, instead, simply insisted that recent events would not affect economic relations between Thailand and Japan in the future.
JETRO chairman and CEO Yasuo Hayashi said that Japanese industries might slow down temporarily due to the earthquake’s impacts on energy access. In the long run, however, he believes that Japan and Thailand will develop stronger trade and investment relations as Thailand is an important production base for Japanese products destined for other Asian countries and elsewhere. He added that the Japanese government has to inject a considerable amount of money to rehabilitate the energy sector and promote domestic investments to maximise the amount of money circulating the Japanese economy.
Putthipong Punnakun, vice minister of industry, said he has signed many memorandums of understanding with Japan in the past. Most of them focused on trade and investment, that the types of investment promotions in Thailand and Japan were similar and that Japan was welcoming foreign investors. He explained that Thailand has invested in many industries in Japan including agriculture, textile, automobile parts, construction and publishing and, further, that Thailand is welcoming plans to establish a one-stop service center to facilitate Thai and Japanese investors. He believes that Japan can recover from its disaster in the near future.
Commerce Minister Porntiva Nakasai said her ministry was ready to help Japanese people in any possible way. She said Thailand and Japan had upheld friendly relations for over 120 years. She is coordinating assistance for Japan's private sector and stated that Japan is the second most important market for Thai products after China. Last year Thailand exported products worth over 20,416 million US dollars to Japan. The value rose by over 31% and contributed to the 11.5% growth of overall Thai exports. (TNA)
JETRO Bangkok president Munenori Yamada confirmed that the earthquake and tsunami in Japan would not affect the expansion of Japanese companies overseas as Japan has experienced earthquakes numerous times in the past. He is confident that despite some impacts having been felt, Japan will be able to return to its normal state in the near future.
He did not comment, however, on the potential impacts that continuing delayed deliveries of Japanese parts and raw materials important to Thailand's manufacturing sector would have on the two economies. He, instead, simply insisted that recent events would not affect economic relations between Thailand and Japan in the future.
JETRO chairman and CEO Yasuo Hayashi said that Japanese industries might slow down temporarily due to the earthquake’s impacts on energy access. In the long run, however, he believes that Japan and Thailand will develop stronger trade and investment relations as Thailand is an important production base for Japanese products destined for other Asian countries and elsewhere. He added that the Japanese government has to inject a considerable amount of money to rehabilitate the energy sector and promote domestic investments to maximise the amount of money circulating the Japanese economy.
Putthipong Punnakun, vice minister of industry, said he has signed many memorandums of understanding with Japan in the past. Most of them focused on trade and investment, that the types of investment promotions in Thailand and Japan were similar and that Japan was welcoming foreign investors. He explained that Thailand has invested in many industries in Japan including agriculture, textile, automobile parts, construction and publishing and, further, that Thailand is welcoming plans to establish a one-stop service center to facilitate Thai and Japanese investors. He believes that Japan can recover from its disaster in the near future.
Commerce Minister Porntiva Nakasai said her ministry was ready to help Japanese people in any possible way. She said Thailand and Japan had upheld friendly relations for over 120 years. She is coordinating assistance for Japan's private sector and stated that Japan is the second most important market for Thai products after China. Last year Thailand exported products worth over 20,416 million US dollars to Japan. The value rose by over 31% and contributed to the 11.5% growth of overall Thai exports. (TNA)
