The Board of Investment (BOI) of Thailand, in collaboration with the city of Shanghai, People's Republic of China, has organized the event "Invest in Shanghai for a Shared Future". This is part of expanding cooperation between the two countries to stimulate investments from China to Thailand and vice versa, in line with the Belt and Road Initiative (BRI) policy towards the ASEAN region, and the Regional Comprehensive Economic Partnership (RCEP) agreement.

     Thailand is a country with ready infrastructure and quality industrial estates, particularly in the Eastern Economic Corridor (EEC). Located at the heart of the ASEAN region, it has efficient transportation and logistics systems capable of connecting with other countries in the region.

     Moreover, Thailand is strong in terms of supply chains, supporting industries, high-quality workforce, government support measures and incentives, as well as good international relations. Therefore, it is suitable to serve as a production base for China to export to other countries in the growing ASEAN group. This also enables Thailand to take advantage of the free trade agreement, RCEP, where Thailand has an agreement with 15 member countries.

     On the other hand, China, particularly the city of Shanghai, is Thailand's top target for tourism, trade, and investment in target industries, such as electronics, electric vehicles, digital, and chemical products.

     Shanghai, being China's largest city and the world's sixth-largest metropolis, is pushing the development of various zones into special areas. Especially, the Shanghai Lin-gang Special Area, which promotes trade and investment in modern industries like the digital industry, health and medical care, intelligent electronics, and electric vehicles. This aligns with Thailand's direction in developing target industries, thus creating opportunities to link investments between the two countries to grow even more.

     The BOI plays a crucial role in promoting investments, both domestic and encouraging Thai entrepreneurs to invest overseas to expand business opportunities and increase Thailand's role on the global stage. In conjunction with relevant agencies, it provides support in terms of information, consultancy, facilitation, and coordination with the destination countries through 16 overseas BOI offices. In China, there are three BOI offices located in Shanghai, Beijing, and Guangzhou.

Source: Office of the Prime Minister, Government House
Tel. +66 2280 9000
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