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Hua Hin
Monday, June 5, 2023

Thailand’s BOI Ready to Boost Trade and Investment with China

Thailand’s Board of Investment (BOI) has announced its firm commitment to fostering trade and investment ties between Thailand and China, signaling its eagerness to capitalize on the recent success of the “Invest in Shanghai, Share the Future” event. Co-organized by the City of Shanghai, the Bank of China, and Thailand’s BOI, the event has solidified Thailand’s appeal to Chinese investors, according to Government Spokesperson Anucha Burapachaisri.

Burapachaisri emphasized Thailand’s strategic location within the region as a key factor attracting Chinese investors. Coupled with its efficient transportation networks, logistics capabilities, and robust infrastructure systems, Thailand has established itself as an enticing destination for investment. The spokesperson further highlighted the nation’s exceptional industrial estates, notably the Eastern Economic Corridor (EEC), which holds great potential for future collaboration with the Shanghai Lin-gang Special Area.

The BOI revealed that Shanghai has implemented policies aimed at attracting investments in the Shanghai Lin-gang Special Area, which focuses on cutting-edge industries such as digital ventures, healthcare and medicine, smart electronics, and electric vehicles (EVs). Consequently, this presents a unique opportunity to enhance investment cooperation between Thailand and China, as these industries align with Thailand’s endeavor to promote S-Curve industrial development.

Expressing satisfaction with the steady growth of trade and investment cooperation between Thailand and China, particularly concerning future industries, Prime Minister Gen Prayut Chan-o-cha conveyed his approval. Additionally, the spokesperson underlined the BOI’s dedication to bolstering trade and investment connectivity between the two countries. To this end, the BOI has established offices in Beijing, Shanghai, and Guangzhou, ready to further strengthen collaboration and facilitate mutual prosperity.

Deedee Boon
Author: Deedee Boon

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