Thailand’s Prime Minister General Prayut Chan-o-cha has urged Singaporeans to invest more in Thailand, especially in special economic zones along the borders of Thailand and neighbouring countries.
General Prayut paid a two-day visit to Singapore earlier this month, when he attended a Leaders’ Retreat with the Prime Minister of Singapore, Lee Hsien Loong, and relevant ministers. He also had a lunch meeting with leading Singaporean business people.
The two Prime Ministers witnessed the signing of four important documents that will help create confidence among investors and promote tourism between the two countries.
As Thai-Singaporean diplomatic relations are entering the sixth decade, and the ASEAN Community will be in place in late 2015, Thailand and Singapore shared the view they should cooperate more in strengthening their strategic partnership.
In ASEAN, Singapore is now Thailand’s largest foreign investor and second largest trading partner.
Prime Minister Prayut expressed Thailand’s support for Singapore to serve as Country Coordinator for ASEAN-China Dialogue Relations in the middle of 2015.
He stated that Thailand is ready to host a meeting of the Thailand-Singapore Civil Service Exchange Programme and a meeting of the Singapore-Thailand Enhanced Economic Relationship in 2015.
The Prime Minister of Singapore also accepted an invitation to pay an official visit to Thailand. In his meeting with Singaporean business people,
Prime Minister Prayut stressed Thailand’s intention to promote trade and investment cooperation with Singapore. He said the Thai government is in the second phase of its roadmap for reforming Thailand. It is also mobilising efforts to enhance the country’s economic potential for sustainable growth.
Singaporean business people were told the Thai government has announced its new investment policy (2015-2021), and he also urged the private sector of Singapore to invest in transport infrastructure development and logistics in Thailand.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
