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Prayut to invite Mideast investment in EEC during visit to Bahrain 

Apr 18. 2017
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By The Nation

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Prime Minister Prayut Chan-o-cha will invite Middle Eastern interests to invest in the Eastern Economic Corridor (EEC) during his visit to that country from April 24 to 26 to discuss possible expansion of investment and trade between the two nations.

The Cabinet on Tuesday endorsed a joint statement by Thailand and Bahrain, which said in part that the latter would acknowledge the development of the EEC and would support the use of Thailand as a gateway for investment in Asean. Thailand will also support Bahrain’s “Vision 2030” economic policy.

The two countries will also sign memoranda of understanding on collaboration in four areas, one of which is between Thailand’s Agriculture and Cooperatives Ministry and its Bahraini counterpart.

The Cabinet also endorsed a third meeting of a subcommittee on trade and economic collaboration between Thailand and Russia, which will be held in Bangkok this Thursday and Friday.

The meeting will focus on how to reduce tariff and non-tariff barriers in key areas such as tourism, energy and trade.

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