InfoQuest (July 30, 2019) -- Japanese Vice Prime Minister and Finance Minister Taro Aso paid a visit to Thailand and met with Mr. Uttama Savanayana, the newly installed Thai finance minister, according to Lavaron Sangsnit, director-general of the Fiscal Policy Office and spokesman of the Ministry of Finance.
During the meeting, Mr. Uttama emphasized the stability of the Thai economy and the continuity of the government's economic policies. The Thai government attaches importance to implementing relevant policies to boost economic growth potential and Thailand's overall competitiveness, improve the welfare system, livelihood and the quality of the workforce, strengthen the foundation of the national economy to head for the future, and support investment and construction of infrastructure in Thailand and with Cambodia, Laos, Myanmar and Vietnam (or CLMV countries).
In addition, the two sides pledged to push forward cooperation between the ministries of finance, the financial regulatory authorities and financial institutions in various fields, including infrastructure investment, support for small and medium-sized enterprises (SMEs), interconnection of electronic payment systems and social security policies concerning the elderly population.
Mr. Uttama also had discussions with Tadashi Maeda, head of the Japan Bank for International Cooperation (JBIC) on the implementation of key projects launched by the JBIC, such as loans provided to the government and the private sector and financial supports to Japanese SMEs based in Thailand.
Mr. Uttama took the opportunity of the meeting to urge the JBIC to play a bigger role in Thailand. Mr. Uttama said Thailand now is engaged in developing plenty of infrastructure projects at home and infrastructure projects sharing interconnection with ASEAN neighbors, as well as the Eastern Economic Corridor (EEC) projects.
He expressed his sincere appreciation for the important role Japan has been playing in supporting Thailand's strategic development mechanism.
Meanwhile, Mr. Uttama held discussions with top executives from the Marubeni Corporation. By showing confidence in Thailand's economic development, the finance minister invited the company to expand its investment in Thailand.
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