Investing in the EEC
From the Thailand 4.0 initiative, a 20-year (2017-2036) mechanism which seeks to drive industrial development in Thailand, certain engines of growth have been identified which bolster innovation, participation and environmental preservation. The Eastern Economic Corridor (EEC) was established to facilitate investments in new technologies and innovations as well as to disperse prosperity across many regions. The objectives of the EEC are coupled with a strong renewed call for environmental preservation as a mechanism to raise the quality of life of individuals in these areas—another principle to be found in the Thailand 4.0 development model.
To this effect the Thailand 4.0 strategy places great focus on changes and adaptation in three dimensions, namely, a shift in industrial focus to produce more innovative products, aims in adopting technology as an engine of growth, and a focus on enriching and increasing the service sector.
Why the EEC?
The Eastern Economic Corridor (EEC) is a region offering many competitive advantages, and has received widespread recognition the world over, due to implementation of strategies which stand to more conveniently link the EEC regions with foreign nations. In addition to this, the groups of industries targeted by the EEC show great developmental potential, and Thailand offers excellent utilities of support, which collectively allow for cost reductions in initial investments. Furthermore, Thailand offers excellent industrial bases for agriculture, industry, services and world-class tourism, which are complete with industry-friendly inhabitants, who vigilantly hold to principles of environmental preservation, thus guaranteeing longevity and higher qualities of life. These qualities ultimately result in a region with great potential, one which offers ease of access for trade, and investment in ASEAN and eastern nations (China, Japan, South Korea, etc.).