Meet­ing with Min­istry of In­dus­try on Eastern Eco­nomic Cor­ri­dor ( EEC)

Thai-American Business (T-AB) Magazine - - Events Roundup -

On April 7, 2017, an AMCHAM del­e­ga­tion, led by Jef­frey Ny­gaard, AMCHAM’S Board Pres­i­dent and com­prised of se­nior rep­re­sen­ta­tives from Sea­gate, Cater­pil­lar, IBM, Gen­eral Mo­tors, Ford, and WHAHe­maraj, met with Dr. Ut­tama Sa­vanayana, Min­is­ter of In­dus­try, and his team to dis­cuss the Eastern Eco­nomic Cor­ri­dor ( EEC) de­vel­op­ment plan, which is Thai­land’s flag­ship project un­der the Thai­land 4.0 strat­egy, in­clud­ing the 10 tar­geted in­dus­tries, in­cen­tives and in­vest­ment op­por­tu­ni­ties for U. S. com­pa­nies. Jeff ex­pressed AMCHAM’S sup­port for the ‘ pracharat’ ( pub­lic- pri­vate part­ner­ships) model and Thai­land 4.0 pol­icy to en­hance the coun­try’s global com­pet­i­tive­ness and em­pha­sized that AMCHAM is keenly in­ter­ested in the ini­tia­tives, in­cen­tives and in­vest­ment op­por­tu­ni­ties for Amer­i­can busi­ness­peo­ple un­der the EEC plan, which is de­signed to be the re­gion’s lead­ing eco­nomic zone of the fu­ture. The Min­is­ter ap­plauded AMCHAM’S in­ter­est and ex­pressed the Thai gov­ern­ment’s firm com­mit­ment in mov­ing for­ward with the EEC de­vel­op­ment project, which is the spring­board to Thai­land 4.0. The EEC Bill is ex­pected to be passed by the Na­tional Leg­isla­tive As­sem­bly in the com­ing months. The Min­is­ter af­firmed the EEC project’s con­ti­nu­ity af­ter the gen­eral elec­tions. Dur­ing the ini­tial phase, high speed rail link will be de­vel­oped be­tween U- Ta­pao and Bangkok area air­ports as the core project. A mas­ter plan for ‘ new cities’ is also in the mak­ing, be­gin­ning with Cha­cho­engsao.

In or­der for a new project pro­posal to ob­tain ap­proval for EEC in­vest­ment in­cen­tives, it has to be in­no­va­tion­driven and in line with the EEC cri­te­ria and Thai­land 4.0 pol­icy. Certain parts of the EEC will be des­ig­nated as free trade zone ar­eas, such as U- Ta­pao. The Min­is­ter em­pha­sized that the suc­cess of the EEC would de­pend on good co­or­di­na­tion among gov­ern­ment agen­cies and co­op­er­a­tion from the pri­vate sec­tor.

Re­gard­ing hu­man cap­i­tal de­vel­op­ment, Jeff ex­pressed AMCHAM’S in­ter­est to be part of the ed­u­ca­tion- in­dus­try col­lab­o­ra­tion and will­ing­ness to en­gage with some of the 12 Pub­lic- Pri­vate Col­lab­o­ra­tive Com­mit­tees. The Min­is­ter wel­comed AMCHAM’S ini­tia­tive and vowed to help fa­cil­i­tate its in­volve­ment in the ‘ pracharat’ process.

Min­is­ter Ut­tama ( cen­ter) with AMCHAM Board Pres­i­dent Jef­frey Ny­gaard ( left) and rep­re­sen­ta­tives of AMCHAM mem­ber com­pa­nies

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