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Thailand likely to be hub of ASEAN after AEC: CP group

Source:   Time:

BANGKOK, May 21 (Xinhua) -- An executive of Charoen Pokphand Group (CP), a Thai transnational conglomerate with core businesses in agro-industry and food, retail and telecommunications, said Monday that Thailand is likely to become the center of ASEAN in many aspects after the ASEAN Economic Community (AEC) is realized.

CP Vice President Sarasin Veerapol indicated that Thailand has a geographical advantage within ASEAN and could become the center of the region following the building of AEC in 2015.

Sarasin suggested that Thai workers must improve their skills in order to attract large foreign investors.

He also urged the government to come up with clear strategies in leading the Thai private sector into the AEC, believing Thai entrepreneurs could greatly benefit from the integration.

ASEAN was established in 1967 and consists of 10 countries -- Brunei, Cambodia, Laos, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

ASEAN leaders adopted the ASEAN Economic Blueprint at the 13th summit in November 2007 in Singapore.

AEC envisages the following key characteristics: a single market and production base, a highly competitive economic region, a region of equitable economic development and a region fully integrated into the global economy.

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