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US-ASEAN Business Council Confident in the Potential of the Thai Economy

The US-ASEAN Business Council (USABC) has expressed its confidence in the potential of the Thai economy and is ready to support Thailand’s national reform, especially in terms of the economy.
A group of business people from the USABC met Prime Minister General Prayut Chan-o-cha and several Cabinet members at Government House on 28 June 2018 on the occasion of their visit to Thailand.
Joining the group were executives from 39 leading companies. The USABC wanted to strengthen economic and business relations with Thailand. It is also ready to partner with Thailand in pushing for the Thailand 4.0 policy and the digital economy strategies.
The Prime Minister told the business group that the Government attaches great importance to improving the local economy and economic restructuring. It is also moving toward Thailand 4.0, which is a value-based, innovative, and technology-driven economy.
He said that the Eastern Economic Corridor (EEC) program could be developed as a logistics center, linking with transportation networks nationwide. The program will also link with other ASEAN members, especially the CLMV countries, comprising Cambodia, Lao PDR, Myanmar, and Vietnam.
On this occasion, the Prime Minister urged the US business people to invest in the EEC target industries in which the US has expertise, such as automotive and aircraft, medical services, digital, and agriculture-related industries. Leading US companies, such as Dow Chemical, showed keen interest in investing in the EEC, especially in the fields of design, innovation, and research and development.
The Prime Minister pointed out that he regards US business people as “Friends of Thailand” and was ready to listen to their suggestions. Thailand is also ready to promote tourism cooperation with them in accordance with the “Thailand Plus One” policy for the prosperity of the region.
Meanwhile, Minister of Digital Economy and Society Pichet Durongkaveroj gave his assurance to members of the USABC that Thailand’s digital law, cyber security, and protection of personal information are in line with international practice.

Source: Foreign Office, The Government Public Relations Department, Office of the Prime Minister  : http://thailand.prd.go.th

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