Thai-NZ Business Meeting on Smart Ag and Clean Energy

Prachachat•Politics•5d ago

Reader Briefing

Deputy Prime Minister Ek Nitikanitthanprapas led 9 Thai business groups in discussions with New Zealand officials and executives to enhance economic cooperation in high-tech sectors.

•The Business Meeting took place on August 21 with approximately 50 participants from Thailand and New Zealand.
•Thailand focuses on three priority sectors: food and bio-industry, clean energy, and high-tech technology.
•Thailand aims to attract New Zealand investors with technology and position Thailand as a production and service hub for ASEAN.
•The cooperation is supported by three existing FTAs: TNZCEP, AANZFTA, and RCEP.

Overview

•On August 21, Ek Nitikanitthanprapas co-chaired a Business Meeting with Todd McClay and Invest New Zealand executives.
•Ek Nitikanitthanprapas led 9 Thai business groups covering energy, food, agriculture, hotels, real estate, retail, construction materials, and beverages to discuss economic opportunities.
•Ek Nitikanitthanprapas highlighted the need to transition Thai agriculture toward Smart Agriculture using technology and R&D to increase product value.
•The CP Group, through CPF, is conducting research on chicken protein in New Zealand to develop high-value products from chicken bones.
•New Zealand prioritizes renewable energy, targeting 50% clean energy use because the country lacks its own oil refineries and is affected by high import prices.
•Invest New Zealand offered incentives and a Fast Track system to expedite cross-border investments for Thai businesses.
•Narut Teordseerasak stated that the goal is to match New Zealand's specialized technology with Thailand's production base and regional network.
•Ek Nitikanitthanprapas mentioned that the Thai government is implementing Thailand FastPass to improve the business environment and infrastructure.

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Key Entities

Person

Ek Nitikanitthanprapas(เอกนิติ นิติทัณฑ์ประภาศ)

Deputy Prime Minister and Minister of Finance of Thailand.

Todd McClayℹ️

Minister of Trade of New Zealand.

Narut Teordseerasak(นฤตม์ เทอดสถีรศักดิ์)

Secretary General of the Board of Investment (BOI).

Organization

Invest New Zealandℹ️

New Zealand's investment agency that offers incentives and Fast Track systems for investors.

CP Group(กลุ่มซีพี)ℹ️

A Thai business group that conducts research on chicken protein in New Zealand via CPF.

CPF

A company under CP Group conducting research on chicken protein in New Zealand.

Board of Investment(คณะกรรมการส่งเสริมการลงทุน)

Thai government agency known as BOI.

Law

TNZCEP

One of the three FTAs serving as a basis for cooperation between Thailand and New Zealand.

AANZFTAℹ️

One of the three FTAs serving as a basis for cooperation between Thailand and New Zealand.

RCEPℹ️

One of the three FTAs serving as a basis for cooperation between Thailand and New Zealand.

Policy

Thailand FastPass

A government measure to restructure the economy and business environment.

Place

Thailand(ไทย)ℹ️

Country seeking to attract New Zealand investors and serve as an ASEAN hub.

New Zealand(นิวซีแลนด์)ℹ️

Country with specialized technology and a target of 50% clean energy use.