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Published on September 19, 2007

TTECC comprises representatives from FTI, Taiwan's government, and Taiwanese businesses.

FTI adviser Plengsakdi Prakaspesas said investment between both sides had been growing continuously.

Taiwanese investment in the Kingdom in 269 projects between 2002 and 2006 was worth Bt53.796 billion.

Most of the investments were in the electrical appliances, electronics, automotive and metal-processing sectors, he added.

In the last two years alone, the Taiwanese had invested Bt15.274 billion in different sectors. Taiwan is the third-highest investor in Thailand, behind Japan and the United States.

Meanwhile, FTI vice chairman Nipon Surapongrukchareon said both sides could gain from the relationship. While Thai operators would benefit from Taiwan's leading position in the electronics and automotive industries, Taiwanese businesses could use Thailand as the gateway to Asean and India.

He explained that once state highway R9 was completed, Thailand would become a strategic location because it will be connected to Vietnam, Laos and Burma by road.

He added that the Office of National Economic and Social Development Board had plans to extend this highway to India.

The FTI and TTECC also held the 18th Joint Economic Cooperation Meeting yesterday to discuss and exchange logistics technologies and know-how for radio frequency identification, he added. 

Chalida Ekvitthayavechnukul

 The Nation