2 days ago
Thai minister woos US businesses in New York
Thailand's deputy commerce minister has invited large American corporations to invest in targeted industries in Thailand.
Chantawit Tantasith led a delegation from the ministry in a roundtable discussion held recently in New York City with the US-Asean Business Council and the Business Council for International Understanding.
They exchanged insights and fostered collaboration between American businesses and the Thai government, with a focus on boosting investment in targeted industries.
Mr Chantawit said Thailand values its economic partnership with the US. The ministry emphasised Thailand's readiness to facilitate US companies' investment in the targeted industries.
These sectors include electric vehicles, agriculture and future food, medical equipment, clean energy, advanced electronics and digital industry, all of which align with the United States' potential.
He said such investments would enhance opportunities for Thai micro, small and medium enterprises, allowing them to better integrate into the global supply chain.
'The discussions were productive and the American companies recognise the investment potential in Thailand,' he said.
Executives from four large US companies in the information technology, financial services and health and life sciences sectors attended the meeting.
Mr Chantawit said foreign companies want predictability in the government's rules and regulations, and they inquired about the details related to their businesses.
From now on, he said, Thailand's commercial attaches will actively promote relevant regulations to foreign investors to ensure that Thailand welcomes their investments.
Meanwhile, Thailand needs to review and update existing regulations to better align with the current situation, he noted.
Regarding the tariff negotiations with the US, Mr Chantawit said they had shown progress and would likely yield clarity in the foreseeable future.
During the US trip, Mr Chantawit and a delegation from the Ministry of Commerce also had discussions with Nipa Kim, senior global sourcing manager of Clark Associates Inc in New York on Sunday.
