PM Abhisit meets US investors; says Thai economy passes lowest point

NEW YORK, Sept 22 (TNA) – Prime Minister Abhisit Vejjajiva met US investors during his one-week trip to the US, saying the Thai economy has been through the lowest point and is recovering in the long term plan.

Arriving in New York for the 64th Session of the UN General Assembly and the G20 Summit in Pittsburgh September 21 to 27, the prime minister begun his mission, meeting representatives of the US stock exchanges and investors and fund managers.

Mr Abhisit told them that the Thai economy has already hit the lowest point and  that it would recover in the long term, driven by the government’s stimulus packages.

He assured his listeners that the government is ready to work with the private sector and raised interest in their investing in Thailand, now ranked 12th in terms of ease of doing business among 183 countries by the World Bank.

Thai economy has faced two challenges, the premier said: the global financial crisis and domestic political turmoil. His administration is on the right track both in building national reconciliation and boosting economic revival.

Mr Abhisit said earlier that his agenda for the visit consisted of three main missions–attending the 64th Session of the General Assembly, attending the G-20 Summit in Pittsburgh, and building confidence in Thailand through meeting major US investors in the stock exchange, business leaders, importers, members of the US-Thailand Business Council, and the American media.

The prime minister will join the G-20 summit in his capacity as chairman of the Association of Southeast Asian Nations (ASEAN), which as a powerful economic force plays a larger role in the world economy than the individual member economies.  (TNA)