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APEC leaders agree to boost trade and investment

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Government leaders of 21 countries, all members of Asia-Pacific Economic Cooperation (APEC), agreed Sunday in the Japanese city of Yokohama to refrain from imposing any fresh barriers to trade and investment, or measures to stimulate exports, until the end of 2013.

The declaration titled “Yokohama Vision” said: “We commit to take steps to roll back trade distorting measures introduced during the (financial) crisis”.

Despite differences among several government leaders over currency policies which saw Asian currencies appreciated against the US dollar in recent months and other issues, several leaders at the two-day meeting appeared to agree on the significant role freer trade can play in sparking growth. They also agreed on the need to reduce trade imbalances and government debt and avoid sharp, potentially disruptive fluctuations in exchange rates, according to the Associated Press (AP) news agency.

via APEC leaders agree to boost trade, investment; Australia, Canada to widen trade with Thailand.

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Thailand aims to push its games and content industry

After almost a year under the pandemic, the number of game players in Thailand rose to 32 million and helped the market generate over a billion dollars in 2020, according to NewZoo, an international analytics and market research group.

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Currently, key digital organizations involved in the economy are joining forces to push the Thai gaming industry, so as to attain the level of a regional hub.

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Investment

Thailand’s H1 Investment Applications rise 158% in combined value, BOI says

Japanese firms ranked first with 87 projects worth 42.8 billion baht, followed by investments from the U.S. with 18 projects worth 24.1 billion baht, and China with 63 projects worth 18.6 billion baht.

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In the first six months of 2021, Thailand’s investment applications increased 14% from the year earlier period in terms of the number of projects, and 158% in combined value, led by increasing foreign direct investment (FDI) applications, sustained growth in target industries including the electronics and medical sectors, as well as in power generation, the Thailand Board of Investment (BOI) said.

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