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Thailand and Japan push for green growth


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Article by Kavi Chongkittavorn

 

In the eventual post pandemic world, it is necessary for Thailand and Japan to broaden and deepen their strategic economic partnership to focus on sustainable development and green growth.

 

At the Fifth Meeting of the Thailand-Japan High Level Joint Commission last week, the two sides discussed wide-ranging economic cooperation to strengthen their strategic economic partnership in the post Covid-19 world.

 

Deputy Prime Minister and Foreign Minister Don Pramudwinai and his Japanese counterpart Motegi Toshimitsu agreed on three areas of cooperation — a) collaboration between Thailand’s Bio-Circula-Green(BCG) EconomyModel and Japan’s Green Growth Strategy; b) Cooperation in trade, investment, industrial development and enhancement of the business environment; c) Cooperation in Connectivity Enhancement, Development of the Mekong Sub-region, and in the Field of Healthcare.

 

In Thailand, the BCG model, which is now on the national agenda, will be the foundation of future cooperation with Japan in the areas of bio, circular and green technologies and innovations, particularly bio-technology, agriculture and food, electronics, materials, nanotechnology, low-carbon technology, energy for a circular economy, and motor vehicles. Both countries are committed to achieving the target of Carbon Neutrality. This is also in line with the Asia Energy Transition Initiative (AETI) as well as ongoing ASEAN efforts to achieve carbon neutrality.

 

In the area of trade and investment, Japan reaffirmed its full support for Thailand’s interest in the comprehensive and Progressive Agreement on Trans-Pacific Partnership (CPTPP). Japan is currently the chair of the CPTPP Commission. Thailand is conducting an in-depth study to assess its readiness for accession negotiations in the near future. Regarding the world’s largest free trade pact, the Regional Comprehensive Economic Partnership Agreement (RCEP), the two countries reaffirmed the importance of an early entry into the pact and full implementation of the RCEP agreement.

 

Furthermore, both sides expressed their intention to strengthen cooperation in quality investment with a resilient business environment in Thailand, while Japan’s investment would be focused on digital and smart electronics, health and well-being, and next-generation automotive developments, among others, including the Eastern Economic Corridor (EEC). Other areas include industrial and SME promotion, various start-up initiatives and human resource development.

 

Thailand and Japan also reaffirmed their determination to develop quality infrastructure, including the transport system in Thailand through key railway development projects. Regarding the Mekong sub-region, the Thai side welcomed and supported Japan’s constructive role in the Mekong sub-region through the Mekong-Japan Cooperation scheme and the Ayeyawaddy-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS). Japan was among the first countries to assist ACMCES by joining the first batch of developing partners.

 

In July, Japan donated 1.05 million doses of AstraZeneca to Thailand to help alleviate the Covid-19 pandemic, as well as oxygen concentrators and support for the cold chain system pledged by the Japanese side to secure access to vaccines by everyone.

 

Discover Cigna’s range of health insurance solutions created for expats and local nationals living in Thailand - click to view

 

 

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9 hours ago, smedly said:

Thailand will still offer you cheap factories to make your cars and electronics because we employ migrant workers and pay them ###, we don't have to pay them Thai minimum wage and they have no worker rights

 

 

and the very next headline on TVF monday

 

Thai Labor Ministry Prepares to Allow Migrants Back to Work - Thailand News - ASEAN NOW formerly Thai Visa Forum

 

 

Really? Ya think major global manufacturers are going engage in a criminal conspiracy to use off-the-books workers? Do you have any evidence that this is actually going on?

  • Confused 1
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