CHIANG RAI – Senior Officials from the Thailand’s Ministry of Industry and the Industrial Estate Authority of Thailand have completed their field observation required for establishing a special economic zone in Chiang Rai.
The Minister of Industry Chakramon Phasukavanich, the IEAT Governor Verapong Chaiperm, and other high-ranking officials visited Chiang Rai province, which has been designated for the establishment of a special economic zone to support the integration of the ASEAN Economic Community (AEC) at the end of this year 2015.
Industry Minister Chakramon Phasukavanich confirmed with the ad-hoc committee on land area that is designated for the establishment of the special economic zone. The meeting was chaired by the Minister of Interior.
There are four strategies for Chiang Rai special economic zone development. 1. The promotion of industrial development and sustainable manufacturing integration. 2. The strength, efficiency, and competitiveness enhancement for the industrial manufacturing. 3. The promotion of the eco-friendly industries. 4. The promotion for broader investments to support the border areas and the AEC.
The IEAT Governor stated the IEAT is now constantly increasing the investment value to the Chiang Khong industrial estate in Chiang Rai, and aims to connect the industrial estate with infrastructure that will connect ASEAN to southern China.
Chiang Rai province is a suitable location to become a special economic zone. The province can become the logistic hub of the Mekong region and ASEAN thanks to the advantages of transport capabilities on land, water, and air.
The province is expected to play a great role in increasing trade and investment value in the border areas.