Anutin denies Japanese production base relocation reports

MGR Online•Economy•5d ago

Reader Briefing

Anutin Charnvirakul denies reports of Japanese manufacturers relocating their production bases from Thailand and affirms the government's support for existing investors.

•Anutin Charnvirakul denies reports that Japanese investors are moving production bases out of Thailand.
•The Thai government intends to maintain and support the existing automotive production base of Japanese investors.
•Anutin Charnvirakul assigned Ekniti Nitithanprapas to consider guidelines for caring for various international investors to ensure fairness in the automotive industry.
•Foreign investment in Thailand exceeded 1 trillion baht last year.

Overview

•Anutin Charnvirakul denied reports regarding Japanese investors relocating their production bases and emphasized that Thailand will not abandon existing investors.
•Anutin Charnvirakul stated that Japanese investors have used Thailand as a primary production base for a long time, becoming an integral part of the Thai industrial sector.
•Anutin Charnvirakul affirmed the government's policy of openness and willingness to improve business conditions to ensure sustainable growth and a strong Japanese production base in Thailand.
•Anutin Charnvirakul noted that most current automotive components, including engines and chassis, are produced in Thailand under Japanese brands.
•Anutin Charnvirakul assigned Ekniti Nitithanprapas to study guidelines to ensure Japanese investors are not disadvantaged when investing in the electric vehicle (EV) industry.
•Anutin Charnvirakul predicted that a new domestic supply chain for EV components, such as batteries and computer systems, will definitely emerge in the future.
•Anutin Charnvirakul cited that foreign investment into Thailand exceeded 1 trillion baht last year.
•Anutin Charnvirakul stated that there is currently no evidence of production base relocation or stagnation of foreign investment due to Thai unreadiness.

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Key Entities

Person

Anutin Charnvirakul(อนุทิน ชาญวีรกูล)ℹ️

The Prime Minister and Minister of Interior who denied reports of Japanese production base relocation.

Ekniti Nitithanprapas(เอกนิติ นิติทัณฑ์ประภาศ)ℹ️

The Deputy Prime Minister and Minister of Finance assigned to consider guidelines for international investors.

Place

Japan(ญี่ปุ่น)ℹ️

The country whose investors use Thailand as a primary production base for the automotive industry.

Thailand(ประเทศไทย)ℹ️

The country serving as a primary production base for Japanese automotive manufacturers.

Organization

Thai Government(รัฐบาล)ℹ️

The governing body focusing on maintaining political and economic stability to attract and retain long-term investment.