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Thai Prime minister opens ASEAN Business Summit

Thailand has gone through restive situations and solved obstacles to national development, such as the illegal, unregulated and unreported fishing and human trafficking, as well as facilitated doing business to upgrade the country’s competitiveness.

National News Bureau of Thailand

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BANGKOK, 21 June 2019 (NNT) – Prime Minister Gen. Prayut Chan-o-cha delivered a speech, entitled ’the Future of Thailand and ASEAN’, during the fifth Bloomberg ASEAN Business Summit. The premier confirmed that Thailand, as chair of ASEAN this year, has had the potential and is prepared in all aspects to make progress alongside the ASEAN community.

Thailand has gone through restive situations and solved obstacles to national development, such as the illegal, unregulated and unreported fishing and human trafficking, as well as facilitated doing business to upgrade the country’s competitiveness.

Over the past five years, the government has restored confidence and promoted sustainable economic development in accordance with a 20-year national strategy.

Thai Prime minister opens ASEAN Business Summit
Thai Prime minister opens ASEAN Business Summit

As chair of ASEAN, Thailand is looking to promote sustainability in all respects. The ASEAN Summit aims to achieve success in steering strategies for the promotion of connectivity in trade, investment, tourism and electronic systems and the creation of sustainability in the development of the grassroots economy and improvement in people’s welfare.

Thailand, as the Chair of ASEAN in 2019, has resolved to address all issues including accessing markets through digital channels; supporting access to financial services and enhancing skills for small and medium enterprises and small-scale entrepreneurs, along with women entrepreneurs and fellow workers in a sustainable manner.

 The ASEAN Summit which is hosted by Thailand got underway today at an official level before the leaders’ meeting takes place on the weekend. Thailand’s Minister of Foreign Affairs has emphasized that he will establish equality and promote women entrepreneurs in the ASEAN region to become more widely known.

Mr. Don Pramudwinai, Minister of Foreign Affairs, delivered a speech at the opening session of the ASEAN Women Entrepreneurs Network Meeting which is one of the important events of ASEAN, focusing on strengthening the economy and enhancing the role of women in order to achieve equality. Many countries in ASEAN have gradually succeeded in achieving this change and ensure the contribution of women gets more attention at every level. It is necessary to focus on sustainable development for the benefit of the next generation.

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Corporate

Employers should hire new workers based on their potential

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A Thailand representative office is essentially a branch of a foreign corporation

58 percent of employers have hired employees based on their potential, and 94 percent of them said their potential-based hires had become a valuable part of their teams. 

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Asean

ASEAN bucks record 155 billion USD FDI in 2018

The flow of foreign direct investment (FDI) into the 10 ASEAN countries has gone up for the third consecutive year, breaking a record 155 billion USD set in 2018.

Olivier Languepin

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Last year inflows to the ten-member Association of South East Asian Nations (ASEAN) were up 11.5%, from US$147 billion in 2017 to $155 billion in 2018, according to new UNCTAD research.

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Asean

Thailand to renegotiate GSP with US delegation at ASEAN Summit

The United States recently announced the cancellation of Generalized System of Preferences benefits, which used to allow 573 items exported from Thailand to the US to be exempt of import duties.

National News Bureau of Thailand

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Apart from resolutions to be made by ASEAN leaders at the ASEAN Summit in November, the Thai government will seek this opportunity to hold a talk with the U.S. regarding the decision to revoke the Generalized System of Preferences (GSP) treatment previously given to 573 Thai products.

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