Prayut touts Thailand as global EV hub with support from Japan
PM courts foreign investment at Tokyo forum
On Thursday, Prime Minister Prayut Chan-o-cha addresses the Nikkei Forum in Tokyo. (Photo: Government House)
Thailand is confident it can become the world’s largest electric vehicle (EV) production hub if it has strong support from Japan, Prime Minister Prayut Chan-o-cha said Thursday.
General Prayut was speaking at the 27th International Conference on the Future of Asia organized by Nikkei Inc, known as the Nikkei Forum, in Tokyo.
He said Thailand was employing all its resources to upgrade the country’s basic infrastructure, especially digital technology and the development of transport services to facilitate foreign investment in the Eastern Economic Corridor, planned as a hub for industries. peak.
Thailand had a clear direction to be the global hub for the electric vehicle-based industry and that goal could be achieved with strong support from Japanese investment and technology transfer to local factories, he said. .
The new industry leadership would help the country fulfill its global commitment to address climate change with a goal of carbon neutrality by 2050 and net zero emissions by 2065.
The two-day Nikkei Forum ends on Friday. The Bangkok Post is the media partner of the event. (continued below)
Japan is Thailand’s second largest trading partner and largest foreign investment, with 5,000 Japanese companies in the kingdom.
The prime minister called for more Japanese investment in the Eastern Economic Corridor and hoped for Japan’s support for Thai investors.
The renewable energy sector in Japan was an attractive investment project for Thai energy companies keen to use their expertise in the field to expand their footprint overseas.
Bangkok will host the Asia-Pacific Economic Cooperation (Apec) summit later this year, preceded by meetings of ministers to prepare their leaders’ agenda.
General Prayut admitted that hosting the Apec forum was a challenge, with issues including the global economic recovery from the Covid-19 pandemic and the Russian-Ukrainian war.
The prime minister said he would use Apec to find solutions to problems and return prosperity and security to the global community in a sustainable way.
“We strongly believe in multi-cooperation to promote both security and prosperity,” he said.
He said that Thailand and other members of the Association of Southeast Asian Nations hoped that the Russian-Ukrainian conflict would end soon and that Thailand was committed to providing humanitarian aid to the Ukrainian people. The war has impacted daily life beyond the war zone as it has caused food and fuel prices to skyrocket, he said.
This year, Thailand and Japan commemorate 135 years of diplomatic relations.
General Prayut will meet Japanese Prime Minister Fumio Kishida for the second time in a month. Kishidam paid an official visit to Thailand on May 2 and offered a 50 billion yen loan to the country for post-Covid-19 economic recovery, including a package of economic cooperation and defense cooperation.
He will also meet with the Japanese private sector to strengthen their confidence in Thailand and affirm the government’s policy of supporting foreign direct investment.