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Thailand hopes to become ASEAN’s int’l trade centre

Thailand’s Ministry of Finance has submitted to the Government several measures designed to turn the country into an international trade centre of the Association of Southeast Asian Nations (ASEAN) after the formation of the the ASEAN Community at the end of 2015.
Thailand’s Ministry of Finance has submitted to the Government severalmeasures designed to turn the country into an international trade centreof the Association of Southeast Asian Nations (ASEAN) after theformation of the the ASEAN Community at the end of 2015.

The ministry estimated that the country, as an international tradecentre, can earn 130 billion THB (3.96 billion USD) each year andgenerate about 17 billion THB (518 million USD) for the state budget.

One of the proposed measures is to create more incentives forinternational and domestic investors to build regional operationscentres for financial management, international trade and research.

Currently, Singapore and Malaysia are the two leading countries in thesector, with 1,800 and 800 regional operations centres, respectively,while Thailand registers only about 120.-VNA
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