Infrastructure projects will ready Thailand for AEC

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Prime Minister Yingluck Shinawatra said yesterday the government stands ready to go ahead with its THB 2-trillion transportation-infrastructure project as a means to prepare for enhanced Thai-Asean links and liberalised trade with both Asean and non-Asean partners.

Meanwhile, according to the commerce minister, state subsidies for agricultural products will be adjusted to strengthen the sector before the country joins the full Asean economic integration planned for January 1, 2016.

Speaking at a seminar on the “Thai economy’s future under the Asean Economic Community (AEC)”, Yingluck said the government was ready to move ahead with the transportation project to link Thailand’s trade to other Asean countries’, and to support small- and medium-sized enterprises (SMEs) in each local area.

Both the state and private sectors would join hands to raise the country’s competitiveness before the AEC, she said.

The prime minister said liberalised trade would help increase trade opportunities and competition under the Asean+6 arrangement with non-Asean countries China, India, Japan, South Korea, Australia and New Zealand. In addition, partner countries and blocs like the 28-country European Union and the Trans-Pacific Partnership (TPP) will cover other markets including the Americas, helping Asean to attract more trade and investment.

Deputy PM and Commerce Minister Niwatthumrong Boonsongpaisan said Thailand was like a gateway for trade, investment and tourism, given its advantages and the Bt2-trillion infrastructure project, with opportunities for expansion of trade and investment after the AEC takes shape.

Thailand needed to be ready to cope with the region’s combined 650 million population and Bt72-Bt73 trillion gross domestic product (GDP), he said. Thailand’s current GDP totals Bt12 trillion.

 

 

Source : The Nation | October 29, 2013

 

 

 

 

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Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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