Go out and invest in Thailand
Recently, the seminar "Why Thailand: Investment and Growth Opportunities for Dalian Enterprises" co-hosted by the China Council for the Promotion of International Trade, the Dalian Council for the Promotion of International Trade, and the Beijing Office of the Thailand Investment Promotion Committee was held in Dalian, Liaoning Province. The reporter learned that the promotion meeting attracted more than 100 representatives of Chinese enterprises to participate. This event is one of the 2022 RCEP National Investment Promotion Series. The China Council for the Promotion of International Trade and the Thailand Investment Promotion Committee aim to promote the high-quality development of the Belt and Road Initiative through this seminar, optimize investment promotion services, help the stable development of Sino-Thai foreign trade, improve the overseas operation level of Chinese enterprises, and reduce overseas investment risks , to encourage more high-quality Chinese enterprises to "go global".
Zhang Shun, Deputy Director of the Commercial Law Center of China Council for the Promotion of International Trade, mentioned in his speech that on November 15, 2020, the Regional Comprehensive Economic Partnership (RCEP) was officially signed during the East Asia Cooperation Leaders' Meeting. Thailand is the first among ASEAN member states. countries that have ratified RCEP. In the past two years, the content of China-Thailand economic and trade cooperation has been continuously enriched, the field has been continuously expanded, and the level has been continuously improved. China has been Thailand's largest trading partner for nine consecutive years. In 2021, the trade between the two countries will break through the US$100 billion mark despite the impact of the new crown epidemic. Chinese foreign investment enterprises and exports urgently need to ride the wind and waves, seize opportunities, meet challenges, share the fruits of multilateral cooperation, and jointly embrace a better future.
Nari Tesatirasa, Deputy Secretary General of the Board of Investment Promotion of Thailand (BOI), introduced the Thai government's subsidy policies and measures for Chinese enterprises to invest and develop in Thailand. He said that China plays an important role in investing in Thailand, and more and more Chinese companies have relocated to Thailand in recent years. In order to better support the investment of Chinese enterprises in Thailand, BOI has updated the investment incentive package. Enterprises investing in Thailand can not only enjoy tax incentives, but also non-tax incentives. The Thai government is more looking forward to the transformation and upgrading of investment industries, that is, the combination of productivity and technological progress, such as intelligent machinery, automation and robotics industries, and software industries. In addition to this, Thailand is working to improve the Bio-Circular-Green (BCG) economic model, leveraging Thailand's strengths and leveraging technological innovations to achieve inclusive and long-term sustainable growth.