Thailand to enhance Japanese investment

CNC
Added On September 13, 2017

A 600-strong Japanese delegation has arrived to Thailand, with the two countries looking to strengthen ties with one and another. 
 
Thailand is particularly pushing for investment in its landmark Eastern Economic Corridor project, which aims at developing its eastern provinces into a flagship technology hub.
 
Japan is already Thailand's biggest foreign investor.
 
But Thai Prime Minister Gen Prayut is keen for more.
 
On Monday, Prayut welcomed the Japanese Economy, Trade and Industry Minister Hiroshige Seko to Bangkok.
 
He said he strongly believed in the cooperation with Japan. 
 
He also attributed Japan's confidence in Thailand's economic potential to its political stability, which he said at its highest level in a decade.
 
Seko echoed the prime minister, saying there is much room for Japan to contribute to Thailand's economic development. 
 
The visit creates an opportunity for integration of the Thai government's "Thailand 4.0" and Japan's "Connected Industries" strategies as the two countries strengthen their strategic partnership.
 
The two sides will be discussing Thailand's Eastern Economic Corridor project.
 
In June, two countries signed a deal looking to accelerate investment in the project, particularly from Japanese high-tech companies.
 
The government last year approved the project and is actively pushing infrastructure investment to attract investors.