Japan, Minister of Commerce travels to Japan, inviting major Japanese private sector federations to invest in Thailand. Medical equipment, trains, aircraft, innovation, clean and green energy in line with the new world rules. Ready for Thailand to be a production base to create a trade advantage between them. Mr. Phumtham Wechayachai, Deputy Prime Minister and Minister of Commerce, spoke after a discussion with Mr. Suzuki Jun, Chairman of the Japan-Thailand Trade and Economic Commission. Under the Japanese Business Confederation (Keidanren) at the Imperial Hotel, Tokyo yesterday evening (10 May 2024) to push for increasing the value of trade between each other and inviting investment in Thailand that Thailand-Japan has We have had good economic and trade relations for a long time. In 2023, Japan is Thailand's number 3 trading partner and Japan is considered a country with important potential for Thailand in terms of investment. The accumulated investment in Thailand is number 1, accounting for 1 in 4 of all foreign investment. He therefore invited Japanese investors. coming to invest in Thailand more And the Thai government is ready to create an environment conducive to conducting business for Japanese investors. Most recently, on January 1, 2024, Thailand has exempted Japanese businessmen from visas for 30 days. In this regard, the Ministry of Commerce It has created an environment conducive to doing business for Japanese investors in Thailand. In particular, there are demands from the Japanese private sector in Thailand that the Ministry of Commerce would make it easier for foreigners or Japanese people to hold majority shares in various businesses under the Foreign Business Act. The same has invited Japanese investors to invest in green businesses. It has been stated that The Thai government places importance on adapting to support and promote the potential of Thai entrepreneurs in line with new world regulations, especially in the area of ??green economy for sustainability. Aiming for a low carbon society U se clean energy But in the transition of car production from combustion engine cars to electric vehicles jointly between Thailand and Japan There will be some Thai auto parts manufacturers, approximately 800 companies, that will have to shift to other industries. So I would like to ask for permission from Kei Dan Ren. Helping to be a medium for connecting to manufacturers in the Japanese medical device, railway, aerospace, and Automation Robotic industries, so that there will be further joint investment and trade between the two countries in these areas. In addition, it is known that the Japanese private sector invests abroad. has done many good projects to support green industries, such as the project to produce high-quality fibers from PET bottles (High-functional recycled polyester fibers deri ved from recycled PET bottles) of TEIJIN Company in Thailand of the Vice President. It is a very admirable project. and would like to ask K. to push Ren Help push other green projects through more members in Thailan d. to enable the sharing of expertise, technology and best practices between the two countries as well. Kedanren's side stated that Japanese businessmen view Thailand as their main base for doing business. They have had close economic relations with each other for a long time. Currently, there are more than 5,800 Japanese enterprises in both manufacturing and service sectors. Doing business in Thailand. It can be said that for the Japanese business sector Thailand is the most important home base. and Thailand is still more important Because it is recognized as one of the important principles in the global supply chain and has invited Mr. Phumtham Attended the meeting of the Thai-Japanese Joint Trade and Economic Committee. (Japan-Thailand Trade and Economic Committee) No. 25 in December this year. in Tokyo as well and hopes for relations between Japan and Thailand and countries in the ASEAN group Trade and investment will continue to become closer. Information from the Department of International Trade Prom otion indicates that Keidanren is a business organization that plays an important role in the Japanese economy. Its members are major Japanese companies. There are 1,548 Japanese companies as members, 154 industry associations nationwide and regional economic organizations in 47 provinces. Source: Thai News Agency