Thai Chamber Urges Chinese Investment to Deepen Local Supply Chain

Prachachat•Economy•8m ago

Reader Briefing

The Thai Chamber of Commerce is pushing for Chinese investments to move beyond volume and focus on creating value for the Thai economy through local supply chain integration.

•Dr. Pot Aramwattananont urges Chinese investors to increase the proportion of locally produced parts and raw materials.
•The Thai Chamber of Commerce supports Data Center investments provided they benefit the Thai economy and infrastructure rather than only utilizing resources.
•Increasing excise taxes on imported electric vehicles is viewed as unlikely to directly impact Thai-Chinese relations.
•Cybersecurity is identified as a significant new risk for businesses and the broader economy.

Overview

•Dr. Pot Aramwattananont stated that Thai-Chinese economic relations should be measured by the value created for the Thai economy rather than just the amount of investment.
•The Thai Chamber of Commerce proposes that Chinese companies joint-venture with Thai firms to produce components instead of importing finished goods or parts.
•Dr. Pot Aramwattananont argues that increasing excise taxes on imported electric vehicles is necessary to protect domestic operators and the automotive industry supply chain.
•Thailand seeks to maintain a balance of investment by engaging with investors from Japan, Europe, the United States, and other countries alongside China.
•Dr. Pot Aramwattananont emphasized that Data Center investments must be evaluated based on long-term benefits to the economic system and competitiveness.
•Dr. Pot Aramwattananont warned that increasing cybersecurity threats can cause widespread damage to businesses and the economy.
•Thailand needs clear international trade agreements, particularly regarding taxes between Thailand and the United States, to build operator confidence.

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Key Entities

Person

Pot Aramwattananont(พจน์ อร่ามวัฒนานนท์)

Chairman of the Thai Chamber of Commerce and the Board of Trade of Thailand.

Organization

Thai Chamber of Commerce(หอการค้าไทย)

An organization urging Chinese investors to deepen integration into the Thai supply chain.

Board of Trade of Thailand(สภาหอการค้าแห่งประเทศไทย)

An organization whose chairman, Dr. Pot Aramwattananont, discussed economic cooperation between Thai and Chinese private sectors.

ASEAN(อาเซียน)ℹ️

A framework for cooperation mentioned regarding international trade agreements.

Place

Thailand(ประเทศไทย)ℹ️

The country receiving Chinese investment in Data Centers and electric vehicles.

China(จีน)ℹ️

The source of increasing investment in Thailand and a target market for Thai goods.

United States(สหรัฐฯ)ℹ️

A trade partner of Thailand with whom tax agreement clarity is needed.

Europe(ยุโรป)ℹ️

A region from which Thailand seeks to maintain investment balance.