The Thai government in conjunction with the Board of Investment recently announced the new Thailand 4.0 economic model, known as the Eastern Economic Corridor (EEC), which is the enhancement programme for three provinces on Thailand’s eastern seaboard.
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Manufacturing development in the past 30 years within these three provinces of Chachoengsao, Chonburi and Rayong has served as a pilot for an economic gateway to Asia.
Under the EEC, these provinces will be developed to support 10 industries promoted by Thailand’s Board of Investment, which include: next-generation automotive; smart electronics; affluent medical and wellness tourism; agriculture; biotechnology; food; robotics; aviation and logistics; biofuels and biochemical; digital; and a medical hub.
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HARIT NA POMBEJRA is a partner at Silk Legal, based in Bangkok
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