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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.

Environment

Asian cities most threatened by environmental risk

According to the first instalment of Cities@Risk series, which ranks the world’s 576 largest urban centres on their exposure to a range of environmental and climate-related threats, 99 of the world’s 100 riskiest cities are in Asia, including 37 in China and 43 in India.

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Companies operating and investing in Asian cities are going to face an increasingly stiff test to their resilience.

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Investment

Thailand Q1 Investment Applications Soar 80% as FDI More Than Double says BOI

The top three source countries of FDI applications during the first quarter were South Korea, China, and Singapore, with similar levels of investment. Korean investment soared due to a large-scale joint venture in the medical sector, Ms Duangjai said.

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The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medical and electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.

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