Thailand-Japan trade and investment to be enchanced by both governments

The trade and investment barriers between Thailand and Japan will soon be resolved through the mutual cooperation between both countries.

Japanese Foreign Minister, Mr Katsuya Okada, paid a courtesy call on Thai Prime Minister, Mr Abhisit Vejjajiva at the Imperial Hotel in Tokyo. He extended his congratulations on the King’s recovery and praised the Prime Minister’s role in the 15th ASEAN Summit hosted by Thailand.

Mr Okada said Japanese businesses are still interested to invest in the Mekong region as well as to participate in the East-West Economic Corridor and the North-South Economic Corridor, which was endorsed at the 1st Japan-Mekong Summit. The Thai Prime Minister affirmed Thailand is ready to welcome interested businesses from Japan as most of the foreign investment in Thailand came from Japan.

Thailand and Japan should make maximum use of the Japan-Thailand Free Trade Agreement (JTEPA), which aims to remove tariffs on almost all trade between the two countries within the next 10 years, according to the Thai Prime Minister. He said he would press the related authorities to solve obstacles to mutual trade and investment. He hoped the Japanese government would support the efforts.

Mr Abhisit also thanked Japan for showing interets to the ASEAN and Mekong regions, which made the ASEAN work frame run smoothly. He assured the Japanese government that Thailand will fully back Japan’s environmental preservation issues in the 2009 Copenhagen Climate Conference which will be held from 6 to 18 December 2009. (NNT)