ASEAN KEY DESTINATIONS
U.S. Companies Engage Thai Government, Encourage Pro-Business Policies
(Bangkok) - A delegation of 34 leading U.S. companies organized by the US-ASEAN Business Council concluded a two-day visit to Thailand today. The Delegation was able to learn more about the economic reform and stimulus measures being planned by the new government while encouraging pro-business measures that will promote Thailand as a destination for investment and trade. The delegation is co-led by Brad Middleton, Managing Director of Chevron Asia South and Alexander Feldman, President & CEO of the US-ASEAN Business Council.
"The size and diversity of our delegation is a reflection of American business’ support for Thailand and the Thai people," said Alexander Feldman. "We encourage the government’s efforts to strengthen the Thai economy and improve the business environment. Better infrastructure, stronger human capital and SME’s, all of which Prime Minister Prayut mentioned as priority focus areas of his administration, will all have a positive impact on American companies operating in Thailand."
In addition to better understanding the economic goals and priorities of the Thai government and seeking ways U.S. business can contribute to economic growth, the delegates advocated for regulatory transparency and the development of a globally competitive digital economy. Next year's implementation of the ASEAN Economic Community was also high on the agenda, with American business expecting economic integration to greatly contribute to the development of Thailand and the wider ASEAN region. Prime Minister Prayut encouraged the delegates to think of Thailand as a “hub” for serving the greater ASEAN region and beyond.
The Council delegation engaged key officials over the course of the mission, including:
Prime Minister General Prayut Chan-o-cha
Deputy Prime Minister and Minister of Foreign Affairs General Tanasak Patimapragorn
Minister of Finance Sommai Phasee
Minister of Commerce General Chatchai Sarikulya
Minister of Energy Narongchai Akrasanee
Minister of ICT Pornchai Rujiprapa
Minister of Industry Chakramon Phasukavanich
Minister of Transportation Air Chief Marshal Prajin Juntong
Dr. Prasarn Trairatvorakul, Governor of the Bank of Thailand
The Council delegation also participated in farewell reception for U.S. Ambassador, Kristie Kenney who is returning to Washington this week after 4 years of leading the US Embassy in Bangkok. In addition, Deputy Prime Minister Tanasak hosted a reception at the Ministry of Foreign Affairs for the delegation at the conclusion of the mission.
Companies participating in the delegation include ACE, AIG, Apple, Baxter, BGR Group, Caterpillar, Chevron, Cigna, Cisco, the Coca-Cola Company, Conoco-Phillips, Diageo, Dow, eBay, FedEx, Ford, GE, General Atlantic, GlaxoSmithKline, GM, Google, Guardian, MasterCard Worldwide, Mayer Brown, Mead Johnson Nutrition, Microsoft, Monsanto, Pfizer, Philip Morris, Qualcomm, Seagate, Time Warner, UPS, and Visa.
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