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Invest Hong Kong (InvestHK) and the Thailand Board of Investment (BOI) today (June 25) signed a Memorandum of Understanding (MOU) pledging mutual co-operation on investment promotion exchanges and best practices.
The MOU was signed by the Director-General of Investment Promotion, Dr Simon Galpin, and the Deputy Secretary General of the Thailand BOI, Ms Ajarin Pattanapanchai, in the presence of the Secretary for Commerce and Economic Development, Mr Gregory So, and the Deputy Prime Minister of Thailand, Mr Pridiyathorn Devakula.
Mr So said, "In an era of globalisation, Thai companies can make use of Hong Kong to tap into the vast Mainland market. Hong Kong companies can make use of Thailand to capture opportunities in the Association of Southeast Asian Nations (ASEAN) region. The signing of the MOU today will strengthen the synergy between us."
Mr Pridiyathorn said, "Hong Kong is regarded as the global and regional business centre with businessmen and companies from all over the world investing in Hong Kong. Thailand likewise can be regarded as the centre of ASEAN, a true regional trading and investment hub in Southeast Asia. The signing of the MOU will induce and promote increasing investment co-operation between Hong Kong and Thailand."
The MOU provides a framework to enhance the close relationship for the mutual benefit of the Hong Kong Special Administrative Region (HKSAR) and Thailand in promoting both inward and outward investment in the two jurisdictions. According to the MOU, both sides will exchange information on the investment environment and investment opportunities with a view to promoting investment between the HKSAR and Thailand and share experiences in attracting foreign investment as well as best practices regarding investment promotion. The two agencies will encourage interested local companies in setting up or expanding their businesses in the area of the other jurisdictions.
About InvestHK
InvestHK is the department of the HKSAR Government established in July 2000 to attract foreign direct investment and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services to help businesses succeed in Hong Kong's vibrant economy. As of December 2014, InvestHK had completed over 3,440 investment projects creating more than 37,500 new jobs in the first year of operation or expansion and over HK$91 billion of investment. For more information, please visit www.investhk.gov.hk.
About Thailand BOI
The Office of the BOI operates under the Thailand Prime Minister's Office and is the principal government agency for encouraging foreign investment in the country. With a network of 14 overseas offices, the BOI also acts as Thailand's marketing arm and actively promotes the country worldwide as one of the best investment locations in Asia. It is tasked with devising and implementing strategies under which promotional activities are organised around the globe throughout the year. For more information, please visit www.boi.go.th .
For an event photo, please visit www.flickr.com/photos/investhk/sets/72157654525216509.
Ends/Thursday, June 25, 2015
Issued at HKT 14:35
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