The Industrial and Commercial Authority of Thailand (IEAT) wants Prime Minister-designate Paetongtarn Shinawatra to continue to push investment promotion policies like many of his previous premiers, saying now is the “crucial time” to make investment a top priority on the national agenda.
“Thailand is at a critical stage in attracting investment. Without continued government support, we risk losing our competitiveness in the global market,” said the IEAT governor. Yuthasak Supasorn said on Friday.
The new prime minister should put investment policy on the national agenda, he added.
Yuthasak said the change of prime minister following the ouster of Srettha Thavisin this week would not affect investor confidence. He added that the IEAT had followed a similar policy to past governments in managing industrial estates across the country, with a focus on improving industrial efficiency and competitiveness at the global level.
The governor expressed his confidence that after the election of the new prime minister on Friday, the cabinet will be formed in less than a month and the new government will seamlessly continue the economic and investment promotion policies.
“The IEAT also wants the new government to focus on accelerating the green economy, as modern investors have a high demand for green spaces and facilities, which requires an adaptation of existing regulations and urban planning,” he said.
Yuthasak added that the authority, as one of the responsible bodies, will continue to work on the land bridge project as the mega project has the potential to attract large amounts of foreign investment and further strengthen Thailand’s ability as a logistics hub in the region.
