PM trawls for US investment

Published: 22/09/2009 at 12:26 PM
Online news: Breakingnews

The Thai economy has bottomed out and the bilateral trade between Thailand and the United States is set to expand considerably next year, Prime Minister Abhisit Vejjajiva has told US investors and businessmen in New York.

Mr Abhisit, as chairman of the Association of Southeast Asian Nations (Asean), is scheduled to attend the 64th Session of the United Nations General Assembly in New York and the G20 Summit in Pittsburgh between Sept 21 and 27.

The prime minister said the Thai government was investing in six long term projects. They were education, public health, transportation and logistics, irrigation for agriculture, tourism and creative business.

"The US investors are important investors to Thailand and they are particularly interested in investing in these businesses," he said.

He said the Thai economy had passed through the lowest point as can be seen by the improving economic indicators, and expected US imports of Thai goods to rise by 10 per cent in 2010.

The political situation had eased and the government would continue using peaceful means to deal with demonstrations, he said.

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Andrew

Discussion 2 : 22/09/2009 at 02:41 PM2
I doubt whether any of the developed countries including the USA attending have even the slightest interest....
Bob

Discussion 1 : 22/09/2009 at 01:40 PM1
Mr. PM, unfortunately you are speaking to Falangs in New York, not Thais in Bangkok. To say that the political has eased is a white wash in light of the events of your friendly PAD from last Saturday.

In addition this news from your ADB:

“Even if there is a sign showing that the economic recession has bottomed out, the political turmoil has pressured the country to post the lowest economic growth rate in Southeast Asia,” the ADB director said.

He said political conflict remains a major risk factor for the country’s future recovery.

“If there is any political unrest, it will affect the government’s economic stimulus measures under its Thai Khem Kaeng (Strong Thailand) scheme which is to inject as much as 1.44 billion baht into the system to shore up the economy over the next 2 to 3 years,” Mr Verbiest said.

Sorry Sir but you soft sell don't work in N.Y.

Andrew

Discussion 2 : 22/09/2009 at 02:41 PM2

I doubt whether any of the developed countries including the USA attending have even the slightest interest....

Bob

Discussion 1 : 22/09/2009 at 01:40 PM1

Mr. PM, unfortunately you are speaking to Falangs in New York, not Thais in Bangkok. To say that the political has eased is a white wash in light of the events of your friendly PAD from last Saturday.

In addition this news from your ADB:

“Even if there is a sign showing that the economic recession has bottomed out, the political turmoil has pressured the country to post the lowest economic growth rate in Southeast Asia,” the ADB director said.

He said political conflict remains a major risk factor for the country’s future recovery.

“If there is any political unrest, it will affect the government’s economic stimulus measures under its Thai Khem Kaeng (Strong Thailand) scheme which is to inject as much as 1.44 billion baht into the system to shore up the economy over the next 2 to 3 years,” Mr Verbiest said.

Sorry Sir but you soft sell don't work in N.Y.

PM trawls for US investment