The Minister Of Industry Of Thailand Went To China For Investment In September: Including The Textile And Garment Industry.
According to Thailand World Journal August 31st,
Thailand
Industry minister Guai Wu said that the "ThailandMeansBusiness" forum will be held on 1-5 September 2010 to Guangzhou, Shanghai and other cities in order to attract Chinese investors and establish the confidence of Chinese businessmen in Thailand.
Guai Wu revealed that the seminar will focus on the opportunity to invest in Thailand, and invites those who have invested in Thailand to provide relevant details of trade in Thailand for those participating in the forum.
At the same time, it will also meet with China's major telecommunications companies and China.
Ministry of Agriculture
State owned enterprises engaged in trade in planting, processing, marketing and rubber research.
PSU, Deputy Secretary General of the Thailand Investment Promotion Council (BOI), pointed out that in the first 7 months of 2010 (1-7 months), the number of Chinese investors applying for promotion in Thailand increased by more than 50%. In total, 17 projects were applied for promotion, with a total investment of 7 billion 120 million baht and an annual increase of 2 billion baht.
The 1 project is a joint venture between China and Thailand to jointly build power stations.
Thailand industry minister Guai Wu said that in September 13th, the Investment Promotion Committee (BOI) will propose a strategy to promote Thailand's investment abroad, and take BOI as the center to cooperate with other units to jointly promote the 5 categories of industries in Thailand, including agriculture and agricultural processing, textiles and clothing, auto parts, tourism and services, and
Construction business
And so on.
Guai Wu pointed out that if the above proposal is approved by the BOI senior level, it will employ consultants to study the details of investment promotion measures, including measures of other related units. In particular, the Ministry of Finance proposes to study the promotion of low interest loans and various tax measures, and some measures will draw clear conclusions in the next 6 months.
It is reported that the data of the United Nations Trade and Development Organization (UNCTAD) show that the total value of overseas direct investment (FDI) in Thailand in 2009 was very low, only 16 billion 303 million US dollars, equivalent to 5.6% of gross domestic product (GDP).
In contrast, the cumulative FDI value of other countries is very high, for example, the total value of FDI in Singapore is 213 billion 110 million dollars, accounting for 120.3% of Singapore's GDP; Taiwan has 181 billion 8 million dollars, accounting for 47.8% of its GDP; Malaysia has 75 billion 618 million US dollars, accounting for about 39.5% of the country's GDP.
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