Somkid urges more investments in Myanmar to ease impact from US TPP pullout

 

Deputy Prime Minister  Somkid Jatusripitak yesterday urged more Thais to invest in Myanmar to alleviate economic impact after the United States officially pulled out of the Trans-Pacific Partnership (TPP) trade deal. 

 

Call by the deputy prime minister in charge of economic affairs was made as he addressed Thai and Myanmar investors at a seminar in Myanmar yesterday, according to National News Bureau of Thailand.

 

At the seminar entitled “Thailand-Myanmar Business Cooperation”, Dr Somkid asked Thai businesses to form partnerships with Burmese businesses while assuring the Burmese private sector of the Thai government’s intention to increase trade and investment activities along the border.

 

Full story: http://englishnews.thaipbs.or.th/somkid-urges-investments-myanmar-ease-impact-us-tpp-pullout/

 

 

-- © Copyright Thai PBS 2017-02-04

 

Must be nice to be able to easily invest in another country.

25 minutes ago, mtls2005 said:

Must be nice to be able to easily invest in another country.

Oh, you can easily invest in Thailand. As long as your interpretation of invest is 'throw money down the drain'. 

I wonder if they removed the paintings before the start of the seminar?

Nice of Somkid to graciously give Myanmar a leg up using other people's money. 

 

Myanmar's economy going gangbusters. Thailand growth going nowhere. Myanmar GDP growth around 8% - Thailand GDP growth around 3%.

 

Perhaps he should be begging Myanmar business to invest in Thailand. Fat chance of that happening. They would be aware of the consequences. (e.g. Australian gold mine shut down by Prayuth to allow some local grub to acquire it).

 

"....increase trade across the border". Already plenty of that and no prizes in guessing what commodity.

 

16 hours ago, rooster59 said:

Somkid Jatusripitak yesterday urged more Thais to invest in Myanmar

This is why Thailand's domestic investors have fled the country. Thailand has the lowest GDP growth rate among the ASEAN members and is expected for the next several years. Foreign investors already realized in 2015 where the best investment opportunities were. What about foreign government investments in Thailand in 2015/2016? That's called political investment that often has little connection to achieving economic gain.