Thai PM spearheads development in Eastern Economic Corridor
In a move to bolster Thailand’s Eastern Economic Corridor (EEC), Prime Minister Srettha Thavisin has been actively laying the groundwork to attract foreign investment into the region.
Prime Minister Srettha Thavisin (Photo: thainews.prd.go.th)
Bangkok (NNT/VNA) - In a move to bolster Thailand’s Eastern Economic Corridor (EEC), Prime Minister Srettha Thavisin has been actively laying the groundwork to attract foreign investment into the region.
Srettha recently took a train trip from Hua Lamphong Station to Laem Chabang, utilising the journey to strategise with relevant agencies.
Under Srettha’s leadership, the government is prioritising the improvement of essential infrastructure and public utilities, ensuring that services like water supply meet international standards. Moreover, the government is reviewing tax measures to provide attractive incentives for potential investors.
Officials said the proactive approach in preparing the EEC for significant economic activities is expected to stimulate growth, create jobs, and position Thailand as a key player in the global market./.
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Automobiles and auto parts, electronics and agricultural products will drive Thai exports in the final quarter of this year, though shipments overall will remain sluggish for 2023, according to the Federation of Thai Industries (FTI).
Thailand is open to foreign investments, and the government is ready to work with the private sector to steer the country towards an inclusive and sustainable future, according to Prime Minister and Finance Minister Srettha Thavisin.
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The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
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In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
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Prime Minister Srettha Thavisin (Photo: thainews.prd.go.th) 
