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French trade minister affirms investor confidence in Thailand

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French Minister for Foreign Trade Anne-Marie Idrac on Monday affirmed France remained confident regarding investment in Thailand, saying major companies are expected to expand investment next year.Mrs Idrac, the first French trade minister making an official visit to Thailand in four years, is in the Thai capital to strengthen bilateral economic and trade ties.

Thailand remained attractive for investment because it has sound economic and market mechanisms, she said, noting that Thailand opened up for various kinds of investment from France and served as a gateway for trade with other countries.However, French investors are concerned about the investment spin-off of environmental problems at the Mab Ta Phut Industrial Estate, where some French firms have invested.

French investors had opportunities to meet and discuss with Thai Commerce Minister Pornthiva Nakasai and Trade Representative Kiati Sithi-amorn about the problems. They were satisfied with the clarifications and reaffirmed their plans to expand their investments in Thailand, she said.Next year, Mrs Idrac said, the Thai leader is scheduled to make an official visit to France which she hoped would help boost the bilateral trade ties, particularly regarding intellectual properties.The French government expected it could give advice and cooperation on the green technology with the Thai counterpart, she added.

via MCOT English News : French trade minister affirms investor confidence in Thailand.

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Thailand BOI Approves Measures to Promote Industry 4.0 Transformation

The measures approved include a 3-year corporate income tax exemption covering 100% of the investment into the Industry 4.0 upgrade.

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The Thailand Board of Investment (BOI) at a meeting today approved incentives to encourage companies to speed up Industry 4.0 transformation, and reported that total investment applications for the nine months to September 30 amounted to 520.7 bil-lion baht (USD15 billion), already higher than for the whole of last year.

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Thailand BOI Approves Measures to Support Carbon Reduction

greenhouse gas emission as well as an enhanced scheme for electric vehicles and measures to mitigate Covid-19 impacts and support local vaccine development

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The Thailand Board of Investment (BOI) approved incentives to encourage companies to reduce greenhouse gas emission as well as an enhanced scheme for electric vehicles and measures to mitigate Covid-19 impacts and support local vaccine development, Ms Duangjai Asawachintachit, Secretary General of the BOI, announced today.

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