US firms commit to Thailand
Automotive firms represented by the US-Asean Business Council (USABC) reaffirmed plans to maintain and expand investment in Thailand, retaining the country as a key global vehicle manufacturing and export base.
US automotive firms have reaffirmed their commitment to Thailand, pledging to maintain and expand investment in the country. During a meeting with Prime Minister Anutin Charnvirakul, representatives from 33 US companies across seven sectors presented seven sets of recommendations aimed at strengthening cooperation and promoting investment.
These recommendations include urging the government to promote investment, strengthen local parts makers, review excise taxes, and speed up free trade talks. Prime Minister Anutin described US businesses as longstanding partners in Thailand's economic development and outlined the government's plans to become one of the world's 20 most competitive economies by 2030 and achieve high-income country status by 2037.
The government is implementing initiatives such as the Thailand FastPass to reduce approval times for investment projects and the Thailand Skill Bridge to align workforce skills with industrial requirements.
Brief written by urgent.news from Bangkok Post's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
