European firms upbeat about AEC
But remain wary of political instability
- Published: 20 Dec 2012 at 00.00
- Newspaper section: Business
European companies are considering new major investments in Thailand and Asean over the next two years based on positive economic prospects but said trust in public institutions and political stability should be improved to facilitate new investment.
The upcoming Asean Economic Community (AEC) will be the decisive factor for business opportunities in Thailand over the next five years, said Rolf-Dieter Daniel, president of the European Asean Business Centre (EABC) which represents 16 European chambers of commerce and associations.
He was speaking at yesterday's launch of the first annual EABC business confidence survey.
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