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Thai DPM Somkid meets with Japanese Chamber of Commerce

Thai government is pushing forward projects such as the Thailand 4.0 development model and the Eastern Economic Corridor without any changes in key policies, reaffirming the coalition government will ensure a unified economic direction through economic ministers meetings.

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JCC Bangkok president meets DPM Somkid

BANGKOK, 5th August 2019 (NNT) – Deputy Prime Minister Somkid Jatusripitak has given an assurance to JCC Bangkok president, that Thailand is pursuing key policies including Thailand 4.0 and the EEC project, while the JCC president says Japanese investors are more confident with the Thai economy in H2 2019

Deputy Prime Minister Somkid Jatusripitak revealed after his meeting with the President of the Japanese Chamber of Commerce, Bangkok (JCC) Shinji Nakano that he had assured the group that the Thai government is pushing forward projects such as the Thailand 4.0 development model and the Eastern Economic Corridor without any changes in key policies, reaffirming the coalition government will ensure a unified economic direction through economic ministers meetings.

He said the JCC Bangkok president had not expressed any concerns regarding wage adjustments in Thailand, but has asked for a full consideration.

The DPM clarified that the rise in wages will require consideration from a trilateral committee, while the JCC president has reflected on the low confidence among Japanese investors in the Thai economy in the first half of this year due to the consequences resulting from the trade war affecting the export sector, along with the stronger Thai baht, and political uncertainties

However Japanese businesspersons believe the Thai economy in the second half of this year is improving.

The DPM said it is normal for international investors to be skeptical of the Thai economy because of the trade war and the delay in forming a government, thus cooperation from everyone in the country is required.

Regarding criticism from the opposition regarding the Prime Minister’s role as the chair of the economic ministers meeting, DPM Somkid said the country will only move forward in a clear and powerful direction, adding that each policy cannot be pursued without the support of the Prime Minister.

On the preparations for a motion of no-confidence filed by the opposition before the consideration of 2020 fiscal year budget, DPM Somkid said everyone must help another and proceed with actions beneficial to the general public, stressing that the country will move forward with help from all sides.

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