BANGKOK,
11 June 2012 – The government has declared the country's preparation to integrate into
the ASEAN Economic Community (AEC) as a national agenda, while calling for the
cooperation of all sides.
Speaking
at a seminar titled “Modern Thai Economy in the ASEAN Economic Community”,
Prime Minister Yingluck Shinawatra said that the AEC will bring about a free
flow of trade and investment within the region. The negotiation power of the
ASEAN market will also be increased after the ten member countries unite into a
single market and production base. She pointed out that with its strategic
geographical position as well as being the gateway to the Southeast Asian
region, Thailand holds an edge over its ASEAN companions.
As a
preparation for the upcoming AEC formation in 2015, the PM took the opportunity
of the seminar to announce the government’s strategy in developing trade and
investment as an urgent national agenda.
The
government will join hands with the Interior Ministry to set up a general
assembly nationwide to educate Thai entrepreneurs before the country fully
integrates into the AEC in three year’s time. Meanwhile, the public sector
should rush to strengthen the domestic economy so that it is immune to negative
factors. At the same time, PM Yingluck urged the government to invest in public
utilities, especially roads, dual-track railways and high-speed railways, in
order to reduce entrepreneurs’ initial cost.
Moreover,
the government will adjust the corporate income tax structure down to 20% as an
incentive to draw in foreign investors to Thailand, while encouraging Thai
investors to invest in other ASEAN countries.
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