Investors told to adapt, invest abroad

Published: 24/02/2012 at 03:46 PM
Online news: News

Thailand and the industrial sector have to quickly adapt and improve in preparation for the Asean Economic Community which will emerge in 2015, Deputy Prime Minister Kittiratt Na-Ranong said Friday.

"There have been many changes in Myanmar and the country is very different now than it was three years ago.

"If Thailand, an AEC member, does not adapt now the country might encounter trade and investment problems," Mr Kittiratt said.

He urged Thai investors and businessmen, particularly in the service sector, to increase their investments in AEC member countries.

"The government is giving full support to encourage Thai businessmen to invest in the Asean," said the finance minister.

He said the establishment of an AEC will make the region a single market, causing trade and investment value to grow by many folds.

From left: Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong, Commerce Minister Boonsong Teriyapirom and Association of Southeast Asian Nations secretary-general Surin Pitsuwan

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ex-pet
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Discussion 3 : 25/02/2012 at 03:22 AM3
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AEC
Asean Economic COMMUNITY.
The point of "cheaper" labor and favorable investments opportunities will gradually will be eradicated as Asean strives for equality.
AEC is NOT only an economic incentive; in creating the AEC the political landscape of the Asean countries will be forced to a more transparent(unified)policy.
The negative outlook is "open border crime" mi/im-migration.
from what i read the preparations on law enforcement Asean style are well on their way.
in short....AEC is a ++ environment.
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dao
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Discussion 2 : 24/02/2012 at 09:15 PM2
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I think it is the government that better get ready and adapt because if Burma continues to open up and Cambodia and Vietnam continue with rapid growth investors are going to be looking to more favorable locations with cheaper labor .
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upena
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Discussion 1 : 24/02/2012 at 07:22 PM1
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Thailand is about 5 years too late in getting ready
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Investors told to adapt, invest abroad | Bangkok Post: business