46247
Thailand Can Become a Regional Trade Hub
World Economy

Thailand Can Become a Regional Trade Hub

Business operators from the US-ASEAN Business Council have stressed on their business alliance with Thailand, reflecting their confidence in Thailand’s potential to become a regional hub for trade and investment.
Thai News Agency reports that the visiting USABC business delegates, including those from such US leading firms as Caterpillar, Chevron, eBay, PayPal, FedEx, UPS, Ford, Guardian, Time Warner and Coca-Cola; reiterated the stance while meeting with Thai Commerce Minister Apiradi Tantraporn in Bangkok on July 24, Bernama reported.
While welcoming the USABC delegation, Apiradi also discussed with them ways to further enhance business ties and expand trade and investment between USABC and Thailand.
Apiradi pointed out that Thailand could play a vital role in connecting five fellow member countries in the ASEAN Community, including Cambodia, Laos, Myanmar, Vietnam and Thailand, also known as the CLMVT group, to help boost the entire economy, as well as trade, investment and tourism cooperation in the region.
The minister said Thailand has also paid attention to and put efforts to steer negotiations to meet cooperation targets under the Regional Comprehensive Economic Partnership between the CLMVT group and all other member countries of the Association of Southeast Asian Nations and the 10-member bloc’s six dialogue partners, namely Australia, China, India, Japan, South Korea and New Zealand.
Besides, Thailand has begun cutting taxes for products listed under the Information Technology Agreement Expansion of the Geneva-based World Trade Organization.
It has also revised 165 rules and regulations to meet international standards and create more favorable environment for global investors, particularly those on trade competition and trademarks.

Short URL : http://goo.gl/mYwkkA
  1. http://goo.gl/6S3Rxe
  • http://goo.gl/MBQ5kC
  • http://goo.gl/YWl4L7
  • http://goo.gl/n9LmcG
  • http://goo.gl/XzP9r1

You can also read ...

Saudi Arabia Bleeds as Capital Flight Continues
As Saudi Arabia raises the stakes in its dispute with Canada...
Experts Say China Economy Manageable
Recent external pressures, a general global trade malaise...
 Final Nail in Abraaj Coffin
The Abraaj Group has been put through the ringer in past...
Qatar Pledges $15b Investment :      Turkish Lira Weakens 6% on Threat of More US Sanctions
Turkey’s battered lira weakened more than 6% against the...
Europe Should Resist Illegal US Penalties
European countries should take effective steps to counter US...
Australia Drought Could Cost $12 Billion
The Reserve Bank of Australia and a new report have warned of...
Indonesia Sets Moderate Growth Goals
Amid rising external pressures, Indonesia’s economy is...
 Crypto Scams on the Rise in UK
Crypto currency scams are using images of celebrities and...

Trending

Googleplus