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22 September 2009

Thai PM meets US investors, promises support for private sector

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Thailand's Prime Minister Abhisit Vejjajiva told US investors in New York the Thai economy has already bottomed out, Thai News Agency reported Tuesday.

Abhisit goes to New York to attend the 64th Session of the UN General Assembly and the G20 Summit in Pittsburgh from September 21 to27.

The Thai premier told the US investors that the Thai economy, which has already bottomed out, will recover in the long term in light of the government's stimulus packages.

The government is ready to support the private sector in Thailand, which is now ranked 12th in terms of business facilities among 183 countries by the World Bank, he said.

Thailand's economy has faced two challenges: the global financial crisis and domestic political turmoil, Abhisit said. However, his administration is on the right track both in building national reconciliation and boosting economic revival, he added.

Meanwhile, Abhisit will join the G-20 Summit as the chairman of the Association of Southeast Asian Nations. 



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