Thai private sector targets Apec summit with 5-pronged strategy

Meanwhile, Thai Chamber of Commerce President Sanan Angubolkul said the summit was the big opportunity for Thailand to connect to the global economy.

The summit would also attract foreign investment, boost tourism and boost trade and exports.

“Foreign businessmen attending the meeting will help generate revenue for the Thai economy, thereby contributing to recovery,” he said.

The meeting will discuss other issues related to people’s lives, such as public health, bio-circular-green (BCG) economy model and global warming, which will benefit government, private and public sectors, he added.

Sanan stressed the urgent need to boost Thailand’s competitiveness by applying digital infrastructure to enhance SME potential and access to funds.

He added that the creative and knowledgeable new generation will accelerate Thailand’s competitiveness.

He also expects an influx of long-term foreign residents following an easing of visa rules.

“Therefore, Thailand should improve investment privileges, tax incentives and rules related to the real estate sector to facilitate foreign investors,” he said.

“In addition to generating revenue for Thailand, it will also help promote technology exchange and employment.”

He added that Thailand should tap into 5G technology and the Eastern Economic Corridor (EEC) to attract more foreign investment.

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