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INTERNATIONAL > East Asia & Pacific

Japan to step up support for Thailand’s Eastern Economic Corridor

  • June 7, 2017
  • , Kyodo News , 5:26 p.m.
  • English Press

Japan and Thailand agreed Wednesday to enhance cooperation for the development of the Eastern Economic Corridor, a flagship technology hub of the Southeast Asian country, by promoting investment by Japanese businesses.

Japanese industry minister Hiroshige Seko and his Thai counterpart Uttama Savanayana signed a memorandum of understanding in Tokyo on bilateral cooperation aimed at accelerating investment in the EEC particularly by Japanese high-tech companies.

 

Thailand hopes to improve productivity in the EEC, located on the outskirts of Bangkok, with the presence of Japanese businesses with leading edge technology in such sectors as services, biotechnology and digital technology.

 

As part of measures to be worked on under the latest agreement, the Thai government will waive corporate taxes for 15 years, provide infrastructural support, and share information related to the EEC with Japan’s Ministry of Economy, Trade and Industry.

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