Welcome Remarks By Mr. Chen Namchaisiri, Chairman of The Federation of Thai Industries at the Boao Forum for Asia Bangkok Conference
Origin:Boao Forum for Asia      Time:2017-07-12 21:46:14     Views:128264

Welcome Remarks By Mr. Chen Namchaisiri, Chairman of The Federation of Thai Industries at the Boao Forum for Asia Bangkok Conference

11 July 2017

Mr. Zhou Wenzhong, Secretary General, Boao Forum for Asia

Mr. Surakiet Sathirathai, Former Deputy Prime Minister and Minister of Foreign Affairs of Thailand, Chairman of APRC, Board Member of Boao Forum for Asia

Mr. Don Pramudwinai , Foreign Minister of Thailand

Mr. Zeng Peiyan, Vice Chairman of Boao Forum of Asia, and Former Vice Premier, China

Honorable Participants, Distinguished Guests,

Ladies and Gentlemen,


On behalf of the Federation of Thai Industries or F.T.I., I am delighted to have all of you here in “Boao Forum for Asia Bangkok Conference”. It is my great honor to be here among all of you and I would like to extend my warm welcome to everyone here especially to fellow delegates from China and other Asian countries.

On this occasion, I would like to extend my sincere thanks to Boao Forum for Asia for having us to be a part of this important event.

First of all, I would like to take a bit of time to introduce the Federation of Thai Industries. The Federation of Thai Industries is a non-profit organization to serve as the core center of industrial operators in the private sector. F.T.I. aims to promote and support the industries for sustainable growth of Thai industries. Currently, F.T.I. has more than 10,000 members and takes are of 11 institutes, and 45 Industry Clubs in operation.

Ladies and Gentlemen,

On the 21st century international trade front, countries are heavily focusing on non-tariff measures, services and trade activities. The world’s economic center is gradually moving to Asia and make it the world’s most dynamic region. Today Asia accounts for 40 percent of the global economy. Asia has become a well-known hub of innovation. Almost everyone around the world is touched by Asian technology such as cars, smartphones and televisions, biotechnology, commercial satellites, renewable energy, just to name a few.

Asia now is a worldwide destination for foreign direct investment. But, maintaining this edge and boosting domestic private sector activity will require strong and attractive investment climate.

Greater regional connectivity in Asia would create business opportunities for firms and increase access to markets and jobs for individuals. It would narrow the development gap at national and sub-regional levels, thus promoting inclusive and sustainable growth. Better infrastructure would also support market conditions that are conducive to economic and industrial growth.

For Thailand, we are now focusing on high-and-medium-tech manufacturing rather than low-cost manufacturing. Thailand has strong automotive, electronics, food, and chemicals industries. We are now promoting “Thailand 4.0” economic model which aims to transform the country to “Value–Based Economy” or “Innovation Upgrading Economy”. Thailand is mobilizing “New Engines of Growth” focusing on 10 targeted industrial mechanism to drive economy for the future in 2 formats. The first S-Curve is investment in 5 existing industries to enhance efficiency of production factors in Next–Generation-Automotive, Smart Electronics, Affluent, Medical and Wellness Tourism, Agriculture and Biotechnology, and Food for the Future Industries.

The 2nd format, the New S-Curve which is developed for rapid industrial growth in Robotics, Aviation and Logistics, Biofuels and Biochemicals, Digital, and Medical Hub Industry. Moreover, Thailand also promotes Eastern Economic Cooperation (EEC) with a lot of privilege - through Thailand Broad of Investment or BOI.

Ladies and Gentlemen,

Your gathering here today is such a fruitful opportunity to enhance economic cooperation among Asian countries. I would like to take this opportunity to express my sincere thanks to the organizers to put all efforts in holding the event today and wish all participants have a memorable conference here.

Thank you.

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