Thai Prime Minister’s Partnership with JETRO and Kubota for Electric Car Production and Agricultural Development

2023-12-16 07:11:00

The Prime Minister reveals the results of discussions with JETRO and asks them to help take care of Japanese investors in Thailand. especially the shift to electric car production. Many companies promise to consider investing sooner. Confirm that the government will continue to support Talking with Kubota’s president went smoothly. Aiming to help develop Thai farmers’ income, aiming to increase it 3 times in 4 years.

At 2:30 p.m. on December 16 (Japan local time) which is 2 hours faster than Thailand) in front of the Imperial Palace courtyard, Mr. Settha Thavisin, Prime Minister and Minister of Finance Revealing the results of discussions with executives of the Japan External Trade Organization (JETRO) and executives of Kubota Company that JETRO, a group of businessmen, contacted to invest in Thailand. I came to thank the government for helping to take care of Japanese businessmen. We hope there will be continued investment. He assured that the investments of Japanese investors will continue to be supported by the Thai government. along with emphasizing that in the past we had very good relations with Japan. There are also over 100,000 Japanese people and over 6,000 companies working in Thailand. Therefore, here, everything you see with your eyes will already make you aware of your heart.

When asked if JETRO would like the government to support anything in particular, the Prime Minister stated that he also cares about the system that is transitioning to the electric vehicle (EV) system, which the Thai government has already supported in the past. And from yesterday (Dec. 15) met with 7 Japanese automotive companies. He also gave clarity on the policy that he would support. Ready to explain that he wanted to come invest faster. Many companies accepted it and considered it further.

Thailand insists on the trade treaty (FTA) between Thailand, the EU and the United Kingdom. Right-hand drive drivers here have confirmed that they will negotiate quickly. To maintain the level of exports of cars produced in Thailand. Because on average in the country, 30% is used ourselves, 70% is exported, so we have to speed up this matter even more. It would be to emphasize that the volume of Japanese car exports can be controlled.
As for the change, it will move to the EV factory. It’s faster in some cases. Especially pickup trucks from Isuzu and Toyota.

As for discussions with Kubota executives How will there be cooperation in technology to be used with Thai farmers? The Prime Minister revealed that from discussions with Kubota executives it was a very good meeting. We misunderstood that Kubota only sells tractors. But he has the technology for compressing corn cobs to make smokeless charcoal and fuel. Including the harvest of the future crops. and currently in the matter of plowing and harvesting rice which Kubota is already doing well But Thailand’s future crops, such as Thai soybeans, are imported by a million tons per year. But we can produce only ten thousand baht ourselves. Because there is a problem with harvesting that is not worth the cost. Therefore, talk with Kubota who has technology. Machinery that can help reduce costs Including the construction of irrigation systems in the agricultural sector. which the Kubota agricultural integrated system is in operation It was agreed that Thailand would go and see the place. and let Kubota help develop This will be a way for us to triple farmers’ income within four years. It is a big deal and a good thing. In addition, the president of Kubota gave full support.
The Prime Minister further revealed that He asked Kubota to make a loan with a hire-purchase agreement rather than just selling. and provide a fair interest rate This gives Thai farmers real income. After this, the team will also go talk to the Minister of Agriculture and Cooperatives.

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