CP Promotes Three Benefits Principle for Thai-Chinese Investment

Thansettakij•Economy•2d ago

Reader Briefing

Supachai of Charoen Pokphand Group advocates for the 'Three Benefits' principle to guide Chinese investments in Thailand.

•Supachai proposed that Chinese investors in Thailand adopt the 'Three Benefits' principle to ensure mutual value through personnel development and knowledge transfer.
•Charoen Pokphand Group has collaborated with SAIC Motor in Thailand with an investment exceeding 900 million US dollars.
•The opening of a BOI office in Chengdu is viewed as a significant step in promoting investment between Thailand and China.

Overview

•Supachai praised China's progress in AI, robotics, automation, clean energy, and electric vehicles as drivers of the modern economy.
•Supachai proposed the 'Three Benefits' principle of Charoen Pokphand Group for Chinese investors in Thailand to include personnel development and technology transfer.
•Supachai stated that Thailand's strengths in electronics and agriculture can link with China's New Quality Productive Forces policy.
•Charoen Pokphand Group and SAIC Motor invested over 900 million US dollars in Thailand with a production capacity of over 100,000 vehicles per year.
•Supachai noted that the Belt and Road Initiative (BRI) and CAFTA 3.0 will enhance cooperation in the digital economy and green economy.
•The BOI has opened an office in Chengdu to promote investment between Thailand and China.
•Supachai expressed confidence that the Thai public and private sectors will fully support and facilitate Chinese investors.

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Source: Thansettakij (Original)

Key Quotes

Supachai

"For nearly half a century, Charoen Pokphand Group has believed in China's potential, and today we still believe in the future of Thai-Chinese relations as before."

เกือบครึ่งศตวรรษที่ผ่านมา เครือเจริญโภคภัณฑ์เชื่อมั่นในศักยภาพของประเทศจีน และในวันนี้เรายังคงเชื่อมั่นในอนาคตของความสัมพันธ์ไทย–จีนเช่นเดิม

Key Entities

Person

Supachai(ศุภชัย)ℹ️

Senior Vice Chairman of Charoen Pokphand Group.

Organization

Charoen Pokphand Group(เครือเจริญโภคภัณฑ์)ℹ️

A business group that promotes the 'Three Benefits' principle and collaborates with SAIC Motor in Thailand.

CP Group(เครือซีพี)ℹ️

Another name for Charoen Pokphand Group.

SAIC Motorℹ️

A partner of Charoen Pokphand Group that invested over 900 million US dollars in Thailand.

BOI

An organization that opened an office in Chengdu to promote investment.

Place

Chengdu(นครเฉิงตู)ℹ️

The city where the BOI opened an office.

Thailand(ประเทศไทย)ℹ️

A country with strengths in electronics and agriculture receiving Chinese investment.

China(จีน)ℹ️

A country with advancements in AI and the New Quality Productive Forces policy.

Policy

New Quality Productive Forces

China's highest economic strategic policy.

Belt and Road Initiativeℹ️

A framework for developing regional economic cooperation.

Law

ASEAN-China Free Trade Area 3.0(ความตกลงการค้าเสรีอาเซียน–จีน ฉบับใหม่ (CAFTA 3.0))

A new free trade agreement aimed at upgrading economic cooperation between ASEAN and China.