#THAILAND #IEAT #combines #5 #border #areas into #Special #Economic #Zone –
IEAT combines 5 border areas into Special Economic Zone
BANGKOK, 26 September 2014 (NNT) –The Industrial Estate Authority of Thailand (IEAT) has developed five border areas into a Special Economic Zone (SEZ) to promote trade and investment in the ASEAN Economic Community.
Dr.Verapong Chaiperm, the Governor of IEAT, said that in accordance with the launch of the AEC next year, the development of the Special Economic Zone of IEAT, has been underway for 3-4 years and has continued under the NCPO appointed board. IEAT will primarily develop SEZ in border areas in order to strengthen economic stability, facilitate the sale of products across frontiers, and organize migrant workers in five provinces including Tak, Mukdahan, Sakaeo, Trat, and Songkhla, before extending to seven more areas in the next few years.
The IEAT Governor added that SEZ is not only to be developed in border areas but will also include those huge communities which have a bearing on the country’s economic development