SHENZHEN, Oct 23 (TNA) — Deputy Prime Minister Somkid Jatusripitak was wooing Chinese investors to Thailand while expecting more foreign investment in the country that, he believed, should have a better position in the Ease of Doing Business ranking to be announced this Friday.
In a seminar on Thailand’s Eastern Economic Corridor and the Belt and Road Initiative, Mr Somkid said he visited Shenzhen to boost bilateral trade and investment relations and he especially targeted Guangdong province.
He said that Guangdong had been much developed in terms of businesses and innovation and became a model of Chinese economic development. Guangdong was also a key factor to promote China’s Greater Bay Area policy and Thailand could facilitate the policy because it was the center of Southeast Asia, Mr Somkid said.
He expected Thailand would attract more foreign investment because it significantly improved its business facilitation and that would be reflected with the country’s position in the Ease of Doing Business ranking to be announced this Friday.
Kobsak Pootrakul, deputy secretary-general of the prime minister, said the economies of Thailand’s neighboring countries namely Cambodia, Laos, Myanmar and Vietnam were growing well like the economy of Guangdong.
He also said that the economies of the neighboring countries with the combined population of 230 million would grow steadily in the next 15-20 years and they should be a big destination of foreign investment. Thailand could connect them to Bangladesh and create an integrated market with the total population of as many as 400 million and that could attract investors to Thailand, Mr Kobsak said. (TNA)
