The private sector hopes to play a role A “new secretary” leads the EEC to upgrade Thailand’s economy

The Recruitment Committee for the Secretary General of the Eastern Economic Corridor Policy Committee (EEC) is preparing to propose to the Eastern Economic Corridor Policy Committee (EEC) chaired by Prime Minister General Prayut Chan-o-cha within December 2022, which will allow the real secretary to work after “Kanit Sangsuphan” who has completed his term since August 17, 2022. Those who have participated in the selection are: Thatchaphon Kanchanakul Deputy Secretary General of the Area and Community Department, Office of the CEE aChula Sukmanop Inspector General, Ministry of Transport

This major change will affect the direction of the EEC Office, affecting the general economy of the country and working with the private sector.

Kriangkrai Thiennukul, President of the Federation of Thai Industries (FTI) He said that the new general secretary of the EEC must understand the investment context which is the new mega-trend in the world. and implemented a policy that meets the needs of investors right to the point Both involved pushing investment in new industries (New S-Curve) related to the BCG economic model (Economy Bioeconomy). circular economy and green economy)

Promoting clean energy and green energy and sustainable and balanced investments. which is the next generation of global investment trends, such as scrambling for electric vehicle (EV) brands to invest in Thailand, including battery production To push Thailand to be a leader in the electric vehicle industry in the region.

However, in Thailand as the host of the meeting The 29th Asia-Pacific Economic Cooperation (APEC) and APEC Business Council (ABAC) showed economic leaders present and around the world Thailand’s readiness and potential. Including implementing a proactive policy of going out and talking to more investors. and stimulate real investment decisively and quickly to create a new industrial cluster in the country

Jareeporn Jarukornsakul Chairman of the Board of Directors and Group CEO, WHA Corporation Public Company Limited, said that now the important thing that the EEC must speed up is to continue to attract foreign investors after Thailand is under the spotlight Notes from the APEC meeting Including seizing the opportunity to shift the production base by proactively working with closely related private sectors such as organizing overseas road shows

along with accelerating the progress of major infrastructure projects and investment projects that have been approved to create real investment in the area Building investor confidence The important thing is to continue the CEE policy as planned.

Report from the CEE Office. He revealed that global investment trends are looking at Asia as a key market and production base. Especially investment in the supply chain industry. Thailand has a geographical advantage The EEC is in the center of the region. Four major infrastructure projects will enter the construction phase by the end of this year, namely the U-Tapao Airport Development Project; Laem Chabang Port Project, Phase 3 Map of Ta Phut Industrial Port Project, Phase 3

for the high-speed train project connecting 3 airports and U-Tapao Airport presents the workbook in October, expected to be completed in 2025-2026, which will lead to a significant expansion period from 2026

“When the four projects are completed, they will link investment neutrality and international trade. that accelerates new investments that innovate that seek to make Thailand move towards technological change”

For the Phase 2 investment plan during the next 5 years (2022-2026) of the EEC, the aim is to drive further. Accelerating investment in advanced innovation Research and development to increase Thailand’s competitiveness Total investment of 2.2 trillion baht, focusing on attracting 12 targeted industries in 4 new business axes with high potential, such as electric vehicles, electric vehicles, digital, modern medicine and logistics. under the context of the BCG economy that makes the value of investment in the EEC An increase of about 400,000 million baht per year from the original 300,000 million baht per year, which is the main mechanism that drives the economy to grow to its potentially 4.5-5% per annum, helping to mitigate the impact of COVID-19. Continue to build investor confidence Ready to lead Thailand free from the middle income trap. step into a developing country And Thai people have a higher income in 2029.

Investing in the EEC between 2018 and 2022 attracts 10 S-Curve target industries to invest in the EEC, accounting for 70% of the total approved investment. From the public and private sectors, more than 1.84 trillion baht, and in the 5 New S-Curve industries, accounting for 36%, in the first half of 2022, the proportion of investment in new target industries increased to 49%.

The EEC has 3 important supporting factors: 1. 5G infrastructure that attracts digital companies from China, the United States, and Japan to invest in digital businesses and data centers.

2. To push the policy to promote electric vehicles (EV) and show the position of being the automobile production base of ASEAN. Investment by BYD, a Chinese EV giant, will prepare to apply for investment promotion certificates worth 30,000 million baht this year.

3. Implementation of a modern medical system, leading to investment in the welfare business This will be a major business opportunity. By opening up the investment in genomic medicine, many private sectors are interested in joint investments in comprehensive medicine from China and Europe.

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