Thai envoy unveils plan for Taiwanese investment boom

[snoop1130]

 

In an exclusive interview with CNA on Tuesday, the executive director of the Thailand Trade and Economic Office (TTEO), declared the nation’s readiness for an influx of Taiwanese investment, particularly in electronic manufacturing and construction projects.

 

Narong Boonsatheanwong highlighted Thailand’s emergence as a Southeast Asian electronics manufacturing powerhouse, with a burgeoning global reputation for printed circuit board (PCB) production.

 

Drawing attention to Taiwan’s semiconductor prowess, Narong praised the island nation’s leadership in the industry. He also lauded Taiwan’s commitment to clean energy, green economy initiatives, and digital transformation, identifying potential areas for fruitful collaboration.

 

Asserting the long-term benefits of economic synergy, Boonsatheanwong spotlighted Thailand’s ambitious Land Bridge project in southern Thailand, aimed at reducing navigation time between the Indian and Pacific oceans.

 

“We hope to deepen our cooperation with Taiwan and create a win-win situation.”

 

With Thailand gearing up to expand construction and circuit board manufacturing projects, the TTEO director underscored the strategic alignment between Thailand’s industrial clusters and Taiwan’s talent cultivation system.

 

“Deepening bilateral cooperation could expand both economies’ share in the global market.”

 

As Taiwan’s New Southbound Policy seeks to diversify economic ties away from China, Narong stressed the policy’s significance in bolstering exchanges between Taiwan and ASEAN member states.

 

Amidst light-hearted banter on cultural exchanges, Narong questioned the long-standing confusion between Taiwan and Thailand, hinting at an intrinsic connection between the two nations.

 

With approximately 80,000 Thai residents in Taiwan and a burgeoning tourism flow between the two countries, Boonsatheanwong highlighted the warm reception Taiwanese visitors receive in Thailand, thanking Taiwanese society for its hospitality towards Thai nationals, particularly workers, reported Focus Taiwan.

 

Narong underscored the importance of robust people-to-people ties in fostering a sustainable and mutually beneficial relationship between Taiwan and Thailand.

 

In related news, an upward trend in rice exports from Thailand to Hong Kong and China is anticipated this year, with a particular demand for rice berries and brown rice. This expectation is driven by the global economic recovery and a discerning preference for high-quality rice grains.

 

By Mitch Connor

Caption: Photo courtesy of The Central News Agency

 

Source: The Thaiger 2024-03-14

 

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[mfd101]

1 hour ago, snoop1130 said:

Narong stressed the policy’s significance in bolstering exchanges between Taiwan and ASEAN member states.

I'm sure Beijing will be delighted with all these neighbourly activities.

[hotchilli]

15 hours ago, snoop1130 said:

In an exclusive interview with CNA on Tuesday, the executive director of the Thailand Trade and Economic Office (TTEO), declared the nation’s readiness for an influx of Taiwanese investment, particularly in electronic manufacturing and construction projects.

Really.

[Srikcir]

Unless Thailand recognizes Taiwan as a sovereign state, Thailand will have to include China in its negotiations with Taiwan.

"What Is the Motive of China Behind Its Interest in Taiwan?", https://bestdiplomats.org/why-china-wants-taiwan/

Given Thailand's economic dependence on China for investment, tourism and trade, Thailand is not in a position such as the US to ignore China's One China policy with Taiwan to negotiate without China also a partner.

[mfd101]

24 minutes ago, Srikcir said:

Unless Thailand recognizes Taiwan as a sovereign state, Thailand will have to include China in its negotiations with Taiwan.

"What Is the Motive of China Behind Its Interest in Taiwan?", https://bestdiplomats.org/why-china-wants-taiwan/

Given Thailand's economic dependence on China for investment, tourism and trade, Thailand is not in a position such as the US to ignore China's One China policy with Taiwan to negotiate without China also a partner.

Oz seems to manage it.

[Srikcir]

On 3/15/2024 at 2:00 PM, mfd101 said:

Oz seems to manage it.

Oz has two Big Brothers: UK and US

[Barnet1900]

They really are blinded when it comes to money. As soon as a few baht is on the table shows the 3rd world mentality that will never go away while the farmers chase the golden egg.

 

I bet he has no idea what the relationship between Taiwan and China is.

 

Complete and utter ignorance.

[Gknrd]

Thailand will benefit, but only with low and medium end chips. Good jobs for the Thai's. China already has them.  Of course all the manafactruing in countries that China is in bed with will help China. No western nation is stupid enough not to know it is just for cheap labor and low end chips.  Thai media is run by the government and just like China, everything is rosy and they are the center of the universe. At this point no one cares. 

Edited March 17 by Gknrd

[sammieuk1]

As the PM is currently globetrotting it would be the ideal place to visit recognize and open an embassy as we are all so friendly then! I really look forward to the celebrations, but not so much the nukes 🤔  

[BayArea]

The only thing Thailand can claim as a powerhouse in anything is the P4P industry.  

[zhounan]

Thailand should be very careful playing with fire. The blood brothers won't be very happy with Thailand becomes the US-Taiwanese manufacturing hub.