Thailand and Japan Discuss Future Industry and Green Economy

MGR Online•Politics•5d ago

Reader Briefing

Deputy Prime Minister and Minister of Finance Ekniti Nitithanpraphas held bilateral talks with Japanese Finance Minister Satsuki Katayama to strengthen economic and financial cooperation.

•Deputy Prime Minister Ekniti Nitithanpraphas and Japanese Finance Minister Satsuki Katayama met on October 17.
•Thailand promoted the 'Made with Thailand' concept to shift from a production base to high-quality investment and technology transfer.
•Discussions focused on future industries including automotive, electronics, AI, and the digital economy.
•Both parties discussed the Green Transition and the review of the Japan-Thailand Economic Partnership Agreement (JTEPA).

Overview

•Deputy Prime Minister Ekniti Nitithanpraphas met with Finance Minister Satsuki Katayama on October 17.
•Deputy Prime Minister Ekniti Nitithanpraphas pushed the 'Made with Thailand' concept to upgrade cooperation toward high-quality investment, technology transfer, and personnel development.
•Deputy Prime Minister Ekniti Nitithanpraphas highlighted future industries such as automotive, electronics, AI, and the digital economy to make Thailand a Japanese investment hub for the ASEAN region.
•Deputy Prime Minister Ekniti Nitithanpraphas and Finance Minister Satsuki Katayama discussed the Green Transition involving biofuels, clean energy, and carbon market development.
•Thailand proposed expanding cooperation under the Partnership On Wide Energy and Resources Resilience (POWERR) Asia Initiative to support sustainable energy funding and investment.
•Deputy Prime Minister Ekniti Nitithanpraphas and Finance Minister Satsuki Katayama exchanged views on automotive industry development and domestic production tax measures.
•Thailand and Japan discussed reviewing the Japan-Thailand Economic Partnership Agreement (JTEPA) to align with the changing global economic and industrial context.

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Key Entities

Person

Ekniti Nitithanpraphas(เอกนิติ นิติทัณฑ์ประภาศ)

Deputy Prime Minister and Minister of Finance of Thailand.

Satsuki Katayamaℹ️

Minister of Finance of Japan.

Organization

Ministry of Finance(กระทรวงการคลัง)ℹ️

The Thai government ministry led by Ekniti Nitithanpraphas.

Ministry of Finance of Japan(กระทรวงการคลังญี่ปุ่น)

The Japanese government ministry led by Satsuki Katayama.

Place

Thailand(ไทย)ℹ️

A country seeking to be a Japanese investment and business expansion hub for the ASEAN region.

Japan(ญี่ปุ่น)ℹ️

An important partner that has contributed to the development of Thailand's industrial base over a long period.

ASEAN(อาเซียน)ℹ️

The region toward which Japan intends to expand business via Thailand.

Policy

Partnership On Wide Energy and Resources Resilience (POWERR) Asia Initiative

An initiative proposed by Thailand to support sustainable energy funding and investment.

Law

Japan-Thailand Economic Partnership Agreement (JTEPA)(ความตกลงหุ้นส่วนเศรษฐกิจไทย–ญี่ปุ่น (Japan–Thailand Economic Partnership Agreement: JTEPA))

An economic partnership agreement between Thailand and Japan undergoing review to align with the global economic context.