Exuding the aura of a proactive leader, Thailand’s Prime Minister Srettha Thavisin, seized the opportune moment during the Asia-Pacific Economic Cooperation (APEC) Summit in San Francisco. Here, he expressed Thailand’s receptiveness towards foreign investors to his Canadian and Australian counterparts amidst the conspicuous global shift towards business relocation in the Asean region.
Bridging ties with Canadian Prime Minister Justin Trudeau, the discussion revolved around escalating cooperation in various fields. Both sides mutually expressed optimism about the immense opportunities APEC could usher-in for their nations. The main takeaway was an announcement by Prime Minister Srettha about Thailand’s readiness to roll out the red carpet for foreign investments, a result of witnessing the global relocation trend of businesses towards the region.
Adding to the palette of global enterprises, remarkable international automobile manufacturers are eyeing Thailand to set the stage for their electric vehicle (EV) production operations. Notably, many leading EV manufacturers who are contemplating moving their facilities to Thailand had meetings with the premier.
Thailand’s government and its knack for providing incentives and concessions to advance itself as Asia’s hub for emerging technologies was also a topic of discussion, as stated by government spokesperson Chai Wacharonke. The conversation spanned strengthening bilateral equations with Canada, examining potential avenues to enhance cooperation under Canada’s Indo-Pacific Strategy, and possible initiation of the Asean-Canada Free Trade Agreement.
In another significant meeting, Prime Minister Srettha connected with Australian Prime Minister Anthony Albanese, where the emphasis was placed on exploring potential investments in Thailand. Accepting the cordial invite to partake in the forthcoming special summit marking the Golden jubilee of Asean-Australian relations in Australia in March, Prime Minister Srettha indicated his firm commitment to international cooperation.
The leaders underlined remarkable advancements towards a comprehensive Free Trade Agreement, fostering a closer bond through people-to-people exchanges, and spotlighted tourism as a key policy area. Our source confirms that the diplomatic engagements of Prime Minister Srettha extended to the Apec Gala Dinner, where he sat by President Joe Biden.
Cherdchai Chaivaivid, Director General of the Department of International Economic Affairs of the Ministry of Foreign Affairs, confirmed that the Premier and President enjoyed a prolonged conversation during the two-hour Apec gala event. It is this zeal towards fostering international relations that continues to drive Thailand towards growth and development.