Japan keen to invest more in Thailand
Thailand and Japan have agreed to improve the business environment here by facilitating investments from Japan and removing barriers agreed under the Japan-Thailand Economic Partnership Agreement (JTEPA), the Bangkok Post reported.
Speaking after a joint meeting of representatives from the two countries under the JTEPA, Japanese ambassador Kiminori Iwama said Japan is interested in Thailand’s policy to promote the country as a regional hub for foreign investors. Other topics discussed were customs, labour issues and flood prevention after Thailand suffered major flooding this year following the huge 2011 floods.
The Japanese side proposed that the Thai government develop more roads near Laem Chabang deep-sea port in Chon Buri as the road network is quite congested. This would be vital to improve the efficiency of shipments to and from the port, Iwama said. Japan has also expressed an interest in joining the government’s 2-trillion-baht infrastructure investment, especially high-speed train projects.
Susumu Uneno, president of the Japanese Chamber of Commerce (JCC), said the new investment regime to be implemented by the Board of Investment (BoI) would help Thailand move up the value chain and improve its competitiveness before the Asean Economic Community (AEC) is set up in late 2015.
According to the BoI, investments from Japan to Thailand totalled 852.6 billion baht ($27 billion) over the last five years, mainly in the automotive, machinery, electrical appliances and electronics sectors. They included a 14-billion-baht project by Toyota Motor to manufacture diesel engines and parts, Nissan Motor’s 15-billion-baht pickup truck production project, Nikon’s 12-billion-baht project to produce digital digital cameras and parts and Mazda’s 11-billion-baht project for manufacturing gear systems.
In the first nine months of 2013, 448 projects from Japan with a total investment value of 211.35 billion baht ($6.7 billion) applied for incentives from the BoI.
Thailand and Japan have agreed to improve the business environment here by facilitating investments from Japan and removing barriers agreed under the Japan-Thailand Economic Partnership Agreement (JTEPA), the Bangkok Post reported. Speaking after a joint meeting of representatives from the two countries under the JTEPA, Japanese ambassador Kiminori Iwama said Japan is interested in Thailand's policy to promote the country as a regional hub for foreign investors. Other topics discussed were customs, labour issues and flood prevention after Thailand suffered major flooding this year following the huge 2011 floods. The Japanese side proposed that the Thai government develop more roads...
Thailand and Japan have agreed to improve the business environment here by facilitating investments from Japan and removing barriers agreed under the Japan-Thailand Economic Partnership Agreement (JTEPA), the Bangkok Post reported.
Speaking after a joint meeting of representatives from the two countries under the JTEPA, Japanese ambassador Kiminori Iwama said Japan is interested in Thailand’s policy to promote the country as a regional hub for foreign investors. Other topics discussed were customs, labour issues and flood prevention after Thailand suffered major flooding this year following the huge 2011 floods.
The Japanese side proposed that the Thai government develop more roads near Laem Chabang deep-sea port in Chon Buri as the road network is quite congested. This would be vital to improve the efficiency of shipments to and from the port, Iwama said. Japan has also expressed an interest in joining the government’s 2-trillion-baht infrastructure investment, especially high-speed train projects.
Susumu Uneno, president of the Japanese Chamber of Commerce (JCC), said the new investment regime to be implemented by the Board of Investment (BoI) would help Thailand move up the value chain and improve its competitiveness before the Asean Economic Community (AEC) is set up in late 2015.
According to the BoI, investments from Japan to Thailand totalled 852.6 billion baht ($27 billion) over the last five years, mainly in the automotive, machinery, electrical appliances and electronics sectors. They included a 14-billion-baht project by Toyota Motor to manufacture diesel engines and parts, Nissan Motor’s 15-billion-baht pickup truck production project, Nikon’s 12-billion-baht project to produce digital digital cameras and parts and Mazda’s 11-billion-baht project for manufacturing gear systems.
In the first nine months of 2013, 448 projects from Japan with a total investment value of 211.35 billion baht ($6.7 billion) applied for incentives from the BoI.
