Japanese investment in Thailand expanding

ฺBANGKOK, 13 January 2011 (NNT) – The Board of Investment of Thailand (BOI) said Japanese investment in Thailand was expanding, and the Board would work with the Government to reduce trade barriers in the hope to boost more investments from Japan.

BoI Secretary General Atchaka Sibunruang has held a discussion with Japan Chamber of Commerce in Bangkok (JCC) President Junichi Mizonoue and its committee members. After the meeting, Ms Atchaka unveiled that the Mr Mizonoue said Thailand was a great country in the eye of the Japanese to invest in but the nation must create the atmosphere to encourage the investments before the ASEAN Economic Community (AEC) forms in 2015.

He said the Southeast Asian nation has many incentives for investors such as good transportation, quality labor market, low wages, good investment policies, and consultation service for Japanese investors. The JCC President added many new Japanese SMEs had been asking for advice on investment in Thailand over the past year, which reflects their interests in Thailand.

With the rapid change in global investment atmosphere and the upcoming AEC, which will create more choices for Japanese investors, Mr Mizonoue suggested that Thailand come up with more incentives such as reducing trade barriers and trading laws to be able to compete with other ASEAN countries.