ID :
52632
Sat, 03/28/2009 - 08:56
Auther :
Shortlink :
http://m.oananews.org//node/52632
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THAILAND TO OPEN TWO MORE INVESTMENT OFFICES IN CHINA
BANGKOK, March 27 (Bernama) -- Thailand is planning a proactive move to woo investments from China, including opening two more offices of the Board of Investment (BOI) there.
Industry Minister Chanchai Chairungruang said BOI's second China office
would be opened in Beijing next week and the third in Guangzhou within the third
quarter.
Currently, BOI has an investment office in the Shanghai commercial city.
He said Prime Minister Abhisit Vejjajiva is expected to visit China in June
to strengthen bilateral relations, enhance confidence and to
promote trade, investment and tourism.
Chanchai said he would lead a delegation comprising ministry and BOI
officials, chairman of Thailand-China Business Council, Thai-Chinese Chamber of
Commerce, Industrial Estate Authority of Thailand and top executives from
over 40 Thai enterprises from various sectors for an investment roadshow in
China next month.
"China has been the biggest recipient of foreign direct investments over the
past decade. Despite the current economic downturn, its outbound investment is
still expanding as local investors are seeking bigger markets beyond the Asian
powerhouse," he said.
Chanchai said the Chinese government now offered full support to domestic
businesses seeking to invest overseas and had also expressed interest in
investing in Thailand.
Over 500 businessmen are expected to attend the "Thailand Means Business"
seminar in Beijing on April 2.
BOI secretary-general Dr Atchaka Sibunruang said Thailand's fundamentals
remained strong, backed by its strategic location as a gateway to Southeast Asia
and the Greater Mekong Sub-Region, regional transport link, strong supporting
industries and the network of free trade agreements Thailand has concluded with
other countries.
"These can offer perfect opportunities for Chinese investors. Chinese
investors can also greatly benefit from BOI's maximum incentives package under
the Thailand Investment Year campaign," she said.
The target sectors for wooing more Chinese investments include machinery and
equipment, metal working, pharmaceuticals and alternative energy, she added.
-- BERNAMA
Industry Minister Chanchai Chairungruang said BOI's second China office
would be opened in Beijing next week and the third in Guangzhou within the third
quarter.
Currently, BOI has an investment office in the Shanghai commercial city.
He said Prime Minister Abhisit Vejjajiva is expected to visit China in June
to strengthen bilateral relations, enhance confidence and to
promote trade, investment and tourism.
Chanchai said he would lead a delegation comprising ministry and BOI
officials, chairman of Thailand-China Business Council, Thai-Chinese Chamber of
Commerce, Industrial Estate Authority of Thailand and top executives from
over 40 Thai enterprises from various sectors for an investment roadshow in
China next month.
"China has been the biggest recipient of foreign direct investments over the
past decade. Despite the current economic downturn, its outbound investment is
still expanding as local investors are seeking bigger markets beyond the Asian
powerhouse," he said.
Chanchai said the Chinese government now offered full support to domestic
businesses seeking to invest overseas and had also expressed interest in
investing in Thailand.
Over 500 businessmen are expected to attend the "Thailand Means Business"
seminar in Beijing on April 2.
BOI secretary-general Dr Atchaka Sibunruang said Thailand's fundamentals
remained strong, backed by its strategic location as a gateway to Southeast Asia
and the Greater Mekong Sub-Region, regional transport link, strong supporting
industries and the network of free trade agreements Thailand has concluded with
other countries.
"These can offer perfect opportunities for Chinese investors. Chinese
investors can also greatly benefit from BOI's maximum incentives package under
the Thailand Investment Year campaign," she said.
The target sectors for wooing more Chinese investments include machinery and
equipment, metal working, pharmaceuticals and alternative energy, she added.
-- BERNAMA
