Don courts US investors in push for green growth

Don courts US investors in push for green growth

Thailand aims to welcome more US investors in renewable energy, digital economy and smart electronics to the Eastern Economic Corridor (EEC), says Don Pramudwinai, Deputy Prime Minister and Minister of Foreign Affairs.

The minister attended a reception in honour of the Thai delegation hosted by the US–Asean Business Council and US Chamber of Commerce (USCC) at JW Marriott Essex House in New York on Thursday during the 77th United Nations General Assembly (UNGA).

He said the country is moving forward with the Bio-Circular-Green (BCG) Economy Model to create more sustainable, more resilient and more balanced economic growth.

The BCG economy remains at the forefront of Thailand's priorities at the regional level, while the government also hopes to advance the Thailand-US partnership.

On the business front, incentives are being accelerated to aid the development of S-curve industries in the Eastern Economic Corridor (EEC).

Thailand will welcome more investments and support, particularly in low-carbon industries, renewable energy, the digital economy, smart electronics and the bio-industry, he said.

The minister also hosted a side event on "Regional Pathways to the Global Goals: Asean's Approach towards SDGs Implementation and Sustainable Post-Covid-19 Recovery."

Here, the aim is increased collaboration in advancing a sustainable development agenda, especially in the context of the post-Covid-19 recovery, he said.

In his opening remarks, Mr Don emphasised the need to accelerate action to achieve sustainable development goals.

He suggested two key elements. The first, a peaceful environment conducive to the process which reinforces cooperation to build strategic trust and create mutual benefits.

The second being the need to further enhance partnerships through synergies, and multi-stakeholder engagement for the UN 2030 Agenda.

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